Today, we're discussing taxation, retirement, and social rights for long-term immigrants in India and Indonesia. It's crucial information for anyone considering a move.
Absolutely. Tax compliance is essential.
In India, resident immigrants are taxed on their global income. There are exemptions and double taxation treaties to consider, but it's vital to plan accordingly. Resources like jetoff.ai can be helpful.
Global income taxation—even income from activities outside India? What about Indonesia?
Indonesia also taxes residents on worldwide income, but with deductions and allowances. They have a progressive tax system.
A progressive tax system. Interesting. What about retirement planning?
India doesn't have a specific social security agreement for foreigners, so personal retirement planning is crucial.
So, self-reliance is key. What about Indonesia's retirement provisions?
Indonesia's BPJS Ketenagakerjaan primarily covers Indonesian citizens and employed long-term foreign residents.
Similar to India, self-reliance seems necessary if you're not employed. What about healthcare access?
In India, healthcare access is primarily through private insurance; public healthcare can be challenging for foreigners.
Sounds difficult. What about Indonesia?
Indonesia's BPJS Kesehatan covers healthcare for contributors, so employed foreigners can access public healthcare. Private options are also available.
So, Indonesia offers more accessible public healthcare for employed individuals. It seems thorough research using resources like jetoff.ai is vital for anyone planning a long-term move to either country.
Precisely. Planning and research are crucial. Consider hiring an accountant for expert guidance.
Excellent advice. Understanding tax laws independently could be a daunting task.