Although working from home is a great option, it can be a little depressing to stay in your house when it rains outside.
But, what if you could work on the beach in Bali?
What would you think if we told your earnings were exempt from all taxes?
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If that sounds appealing, then you might be happy to know that freelancers in Indonesia will soon be exempt from tax, even on Bali.
The country’s tourism minister Sandiaga Uno announced the five-year ‘digital nomad visa’This week, earlier.
He stated to reporters that he hoped the move would bring in 3.6million tourists from overseas and create one million jobs for Indonesians.
Uno stated that the remote working visa proposed by Uno will allow freelancers to live tax-free in islands like Bali as long as they earn their income from outside Indonesia.
He told the South China Morning Post he wants Indonesia’s tourism to shift from a ‘sun, sea and sand’Instead of focusing on the negative aspects, adopt a positive approach. ‘serenity, spirituality and sustainability’.
“This way we’re getting better quality and better impact on the local economy,”He elaborated.
Uno claimed that the e decision was made based on research which showed Indonesia was ‘top of mind’95% of remote workers who took part in the survey.
Similar plans for a visa for digital nomads were in the works last year but had to be stopped due to the pandemic.
Uno added: “Now with the pandemic handled and all the ministries getting involved and cooperating from the health side to the immigrations office, we believe that this is an opportune time to relaunch this idea.”
Remote workers can obtain a range of visas to allow them to visit Indonesia. These include the Visa on Arrival (VoA), Tourist or Cultural Visa and the country’s Free Visa, but they only last between 30 and 180 days.
Others countries, such as Portugal, Georgia and Croatia offer digital nomad visas. This modern workers’ visa basically means you can work while staying in a foreign country, as long as you don’t enter the local labour market.
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The rule means local residents aren’t pushed out of jobs.
Although visa requirements vary from country to country, it is common for one to be issued if funds are available.
However, living tax-free isn’t always a guarantee if you’re granted a digital nomad visa. For example, Americans still have to file taxes if they’re granted one because the US taxes citizens based on their citizenship itself, as opposed to their residence.
VisaGuide reports that 26 countries accept digital nomad visas at the moment.
Those are: Andorra, Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Bermuda, Cabo Verde, Cayman Islands, Croatia, Curaçao, Dominica, Dubai, Estonia, Georgia, Germany, Iceland, Malta, Mauritius, Mexico, Montserrat, Norway, Seychelles, Spain, Taiwan, and The Czech Republic.