Let's discuss taxation, retirement, and social rights for long-term immigrants in Brazil and Indonesia.
Certainly. Let's begin with Brazil. For long-term immigrants working officially, participation in the Brazilian social security system, INSS, is mandatory.
So, contributing to INSS could lead to retirement on a Brazilian beach?
Potentially, but navigating the bureaucracy is challenging. Income tax rates are substantial, dependent on income bracket.
And Indonesia?
Indonesia's system, BPJS Ketenagakerjaan, is similar. Contributions are made, with the hope of receiving benefits later. Income tax rates are generally lower than Brazil's, but the cost of living may offset this.
What about retirement benefits?
In Brazil, meeting minimum contribution requirements is necessary to receive social security benefits. In Indonesia, Jaminan Hari Tua (JHT) functions as a retirement savings plan.
And healthcare?
Brazil's public healthcare system, SUS, is accessible with social security contributions, although wait times may be significant. Indonesia's BPJS Kesehatan aims for universal health coverage, but quality can vary.
Finally, unemployment benefits.
Brazil offers seguro-desemprego, but eligibility criteria apply. Indonesia has Jaminan Kehilangan Pekerjaan (JKP), but eligibility and payment duration are factors to consider.
Thank you, Leo. This has been quite informative.
You're welcome, Mira. It's a complex topic.