What are some of the best countries in the European Union for expatriates with the lowest taxes? 13
I would like to ask for a suggestion with regards to some countries in Europe which have low taxation rates and are good for english speaking expatriates.
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Bulgarian lower tax rates which stand at 10 percent, and an 8 percent tax rate that operates in Hungary, North Macedonia, and Georgia which when combined with Above The Line expenditures potentially combines a tax above the line of zero on foreign income. Estonia also provides a model where tax is deferred until the profit is put into distribution.
Bulgaria:
- if you have a company, it's 10% corp tax and 5% dividend tax. Take your money out as salary and you'll pay 6k EUR max + 10% income tax only instead of 10+5.
- if you register as a freelancer, you'll pay 7.5% income tax (10% - 25% expenses) and up to 6k EUR social contributions
It's an amazing place for people who provide services remotely.
As a Bulgarian having an accoutning company I can confirm that. In Bulgaria, especially if you run a business, the effective tax rate may be even lower than 10%. I do not recommend the contracts (labour and civil) as they have some additional health insurance related taxes and other small things, however, those are up to a certain limit. Thus, it also depends on your income.
you should mention what the tax wedge in Bulgaria and Hungary looks like, and it's not pleasant. The social security contributions are insane and even out into a pretty high tax existence.
But ~30% social security for a very bad health system, and the most aging society.
Why is Romania not mentioned? it has very low taxes (1-3% corp tax for micro companies up to 500k€ revenue, then 8% dividend tax), and the quality of life / modernity is way higher than on Bulgarian, N Macedonia or Georgia to take the examples of this list. Plus the language is a Latin one, making it much easier to learn than Bulgarian for instance, for people already speaking a Latin Roman language (French, Italian, Spanish…)
Bulgaria, Ireland, Hungary, Macedonia, Jersey, Estonia, Guernsey, San Marino, Liberland, Andorra, Luxembourg, Canary Islands low tax countries
What about Montenegro?
If you currently lived in the UK and were about to make £4-5 in crypto what is the most sensible step to consider where to live prior to cashing in?
Romania has 3% tax until 350k euro/year
Ha ha you dont even talk about portugal... zero tax weird
Belgium has 0 tax but you never mention it
Obvious choice: MOVE TO RUSSIA! 13%!