Re:Barbados introduces plan to allow visitors to work remote...
by zachthewf on Sunday August 30, 2020 @01:57PM
(#24324564)
That's really cool. Do you have to pay income taxes in Spain if you do that?
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Re:Barbados introduces plan to allow visitors to work remote...
by Nursie on Sunday August 30, 2020 @02:05PM
(#24324620)
Yes, I would think so.
The US is the only country I know of that demands income taxes from its citizens when they are non-resident. Citizens of most countries would expect to pay local income taxes only when they emigrate.
Re:Barbados introduces plan to allow visitors to work remote...
by cromka on Monday August 31, 2020 @11:43AM
(#24332581)
Although it is important to remember that any tax one would have to pay to US IRS is for the difference between what a foreign country and US would charge, if former charged less. This only applies to countries with which US signed a treaty for the avoidance of double taxation.
Re:Barbados introduces plan to allow visitors to work remote...
by kavrick on Tuesday September 01, 2020 @09:41AM
(#24341612)
I'll note Canada has a similar treaty with the US and this applied to me while working / living there for a number of years.
They wanted to tax me on my "worldwide" income and requested that I pay the difference between what I was making in the US vs. what I would be paying in Canada had I been living there.
It wasn't something I had considered in my planning so good to look into before you go!
Re:Barbados introduces plan to allow visitors to work remote...
by Nursie on Tuesday September 01, 2020 @05:36AM
(#24339967)
Interesting - from this and a couple of other comments I can see my idea that you just had to pay US income tax regardless was over-simplified and wrong.
It's still a little weird to me though, as someone who would expect my own country to relinquish all tax demands if I'm not actually there!