Alright Leo, let's dive into the nittygritty of taxation, retirement, and social rights for longterm immigrants. Whoo! I hope everyone's got their calculators and aspirin ready; it's about to get real.
Hahaha! Calculators and aspirin? You make it sound like we're doing calculus, Mira. But yeah, it's crucial stuff. So, Indonesia versus Thailand, right? Which one's gonna give immigrants a better deal, or at least a less confusing one? Hmm!
Okay, first up, Indonesia! Now, if you're planning on settling down there longterm, you'll need to understand their tax system. If you are working there, you will be taxed based on their income tax slabs.
True, true. And just a heads up for anyone thinking about becoming a digital nomad and chilling on Bali while "working" remotely... Indonesia is cracking down on those sweet tax loopholes. Ouch! No more taxfree paradise.
Exactly! And don't forget about the "KITAS," which is your temporary stay permit. It's your golden ticket to staying legal and paying taxes.
Hehe! Golden ticket, huh? Sounds like Willy Wonka runs Indonesian immigration. But yeah, KITAS is key. Without it, you are basically an undocumented tourist overstaying your welcome, which can lead to unpleasantness.
And let's talk retirement. Indonesia doesn't have specific retirement visas like some other countries. Whoa! So, if you're planning on kicking back in Bali in your golden years, you'll need to find another way to stay legal, like investment visas or business visas.
Investment visas, huh? So, basically, you gotta spend money to make money, or in this case, spend money to live there. Sounds about right. Capitalism at its finest! Hahaha!
Now, Thailand! They actually do offer retirement visas. If you are over 50, you can apply for a retirement visa. Yay! Of course, there are some financial requirements. You'll need to show a certain amount of money in the bank or a monthly income.
Ahh, the old "show me the money" routine. It's a classic. But hey, at least they make it relatively straightforward. Retirement visa, bank account, done. Right? Aha!
Well, not quite. You'll also need to get health insurance. Thailand is very serious about health insurance for retirees.
Hehe! Serious about health insurance? That's putting it mildly. They want to make sure you're not gonna bankrupt their healthcare system if you trip over a mango and break your hip.
And for taxes in Thailand, if you're a resident, you're taxed on your worldwide income. Which means, if you're earning money from other countries, you'll need to declare it.
Worldwide income, huh? That's a bit of a sting. But hey, at least you get to live in Thailand, eat delicious food, and get massages every day. I'd call that a fair trade. Ahhh!
Both countries have their ups and downs, right? Indonesia is cracking down on tax loopholes, while Thailand offers retirement visas but requires health insurance. Hmm!
Exactly, It is a matter of preferences. If you like beaches, the people may sway more towards Indonesia. But if you want a more calm experience, you can sway more towards Thailand.
And hey, listeners, this is just a quick overview. If you are serious about moving to either country, it's always best to consult with a tax advisor and an immigration lawyer. Ahhh!
Absolutely, get your ducks in a row before you pack your bags. Nobody wants a surprise tax bill or a visa denial. These details are also available at jetoff.ai. Wow!
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Definitely subscribe and like the video, people. It will make Mira dance the "Mira Universal Dance!" Hahaha! You do not want to miss it!