#Digital taxation

[ifindtaxpro]

🌐 The digital economy has reshaped business, and so have the rules of taxation. Explore global initiatives and challenges in the changing landscape of digital taxation. 💼💻 #DigitalTaxation #GlobalEconomy

[lasseling]

Harris Running Mate Tim Walz to Push for Americans to Pay ‘Carbon Tax’ to Comply with ‘Net Zero’

Kamala Harris has just struck fear into the hearts of many freedom-loving Americans by announcing that her 2024 running mate is globalist climate-radical Gov. Tim Walz.

[thefreethoughtprojectcom]

Be prepared, free thinkers! Just say NO to CBDCs & Digital IDs!

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[perfectcomputer2]

Social Media Marketing Course in Ahmedabad - Perfect Computer Education

Why You Should Enroll in a Social Media Marketing Course in Ahmedabad Today

In the present time, with all the technological advances made, it is safe to say that social media marketing is not a fad. It is a requirement for any company that wishes to survive. If you fall in this category and are located in Ahmedabad, your best bet would be to enrol in a Social Media Marketing Course in Ahmedabad. This city is exceptional as it is a modern conurbation with a growing economy filled with advancements and learning in this sector. This helps students comprehend the pulse of social media marketing and prepare themselves to face challenging times.

Social Media Marketing Course in Ahmedabad

Social media use is high because potential customers can be reached on sites such as Facebook, Instagram, X, etc. This is because it creates social media customers dedicated to that company that will assist in product selling without the need for direct saturation advertising. A Social Media Marketing Course in Ahmedabad will prepare you with all these techniques so that your company’s presence in social media will be enhanced rather than ignored or ordinary.

Advantages of pursuing education in Ahmedabad

Expert Guidance : The Social Media Marketing Course in Ahmedabad comprises knowledge delivered by practical liberal professionals who have both local and international market insights.

Practical Learning : You will complete projects that imitate and replicate challenges that can be met in the industry, hence making you employable once you complete the course.

Networking Opportunities : Interact and relate with your fellow peers as well as industry professionals who will enable you to explore avenues for collaboration and job offers.

Certification : These courses are credited, which means that upon successful completion of a course, you are awarded a transcript, which is an added advantage to your curriculum vitae if you seek employment.

Why Choose Perfect Computer Education for Social Media Marketing Course in Ahmedabad?

Incorporated in 1994, Perfect Computer Education is the first educational institution to identify the gap within education systems and proceed to establish career-based paths. For their quality services, communication and computer systems have become distinctive marketing tools, and the perfect Social Media Marketing Course in Ahmedabad is no exception. Irrespective of their past experience or expectations within the industry, the skilled trainers help each and every participant become more proficient in the management of social media communication strategies for the organisation.

Contact Perfect Computer Education today and be on your way to your destiny. If you have any questions or inquiries, please visit our website at Perfect Computer Education. For assistance, you can contact us by telephone at +91 82646 39365 or send us an email at info@perfecteducation.net We look forward to addressing your queries and providing the information you need.

[evolvecolving]

Taxation Rates for Digital Nomads in Mexico

In a previous article, we examined the Mexico Digital Nomad Visa and how to best apply for it. The official name for the Mexican digital nomad visa is the temporary residence permit, which allows holders to stay for between one and four years in Mexico, depending on renewals.

When deciding on whether to apply for a temporary residence permit, one of the important questions that location-independent travellers ask themselves is whether they will be better off in terms of taxation. We will explore this further in this article and compare the situation with some other countries, including Malta.

Taxation as a Digital Nomad in Mexico

If you earn 51% of your income or more outside Mexico, you will most likely be taxed in your country of origin and will not be subject to the mexican tax regime at all. This is because they have agreements in place with many other countries to prevent double taxation on earnings.

The level of taxation you will therefore be liable for while you are in Mexico will be heavily dependent on which other country you are a tax resident of. Many digital nomads who travel constantly will seek to minimise their exposure to taxation and try not to be resident for tax purpose in any one jurisdiction.

This can be a complex situation to maintain and a mis-step along the way can see very large tax bills suddenly appearing on the horizon, so great care should be taken if attempting to navigate that particular route.

Nothing in this article constitutes financial advice and for the best and most up to date advice on international taxation you should contact your own tax adviser.

Taxes in Mexico

If you are planning to be tax-resident in Mexico then you should be aware that Mexican taxes range from 0–30% and these bands are determined in a progressive manner with higher tax bands for those who are earning more money.

If you choose to remain in Mexico for more than 183 days per calendar year, you may be asked to pay tax in Mexico on all of your worldwide earnings, if you are unable to conclusively prove that you qualify on other grounds in another country. For example, you may own property in the UK and be employed by a company there, so HMRC would most likely still see you as a UK tax resident in that scenario.

There are generally two tax bands that can apply to non-residents in Mexico and these are 15% or 30%, dependent on your level of income but it is unlikely that most digital nomads will have to contend with this, as most wont have to pay Mexican taxes at all.

If you are in any doubt, stay on the correct side of the law by seeking accurate financial advice from an expert.

How does the Tax Situation Compare to Malta?

The gold standard that all of the other digital nomad visas and taxation offers have to match up to is Malta’s. That is because Malta is keen to attract digital nomads for the skills, entrepreneurship and expertise that they bring to the country.

Making Malta the home to many tech startups is a main goal and rooting it as a technology hub is well underway, with reliable internet infrastructure and coworking and coliving spaces on the island already.

Malta has a tax situation for digital nomads that is probably one of the best in the whole world. For the first year of the digital nomad visa in Malta, you will pay no tax at all. This isn’t dependent on tax residence in any other country either. For the second and subsequent years, if you renew, it is a 10% flat no matter what you earn.

The tax offer from Mexico is inferior to the one from Malta, because you will still have to pay tax to the country that you are a tax resident of, and at its lowest rate, the Mexican tax for digital nomads is 15%. This means that the zero % first year and subsequent years of 10% tax make Malta a much better low taxation solution for any digital nomads and remote workers who would like to take advantage of it.

Digital Nomad Lifestyle in Mexico

The lifestyle offered to digital nomads in Mexico is one that is varied and is only limited by your own imagination.

Depending on where you are planning to go in Mexico, you may opt for beaches and wild nightlife in a resort such as Cancun or Playa Del Carmen.

Alternatively, you may prefer to spend some time exploring the beauty and splendour of Mexico City, or take off to explore some of the Aztec and Mayan ruins.

One of the most iconic and world-renowned of these ruins is Chichen Itza.

Violent Crime in Mexico

Mexico generally has a sinister reputation for drug cartel violence but tourists rarely get caught up in it, and if you are careful with your belongings ad your personal safety, this should not be an issue for you. The Mexican authorities have done a lot of work in recent years to ensure that the violent crimes related to the narco-traffickers is contained and kept away from tourist areas.

Experienced travellers will know better than to involve themselves in anything to do with the drug trade in Mexico and those who are new to travelling should go in with a healthy awareness of the situation.

Don’t allow the threat of violent crime to diminish your trip. You are probably far more at risk by wandering into the wrong part of any major US city than you are in most places in Mexico. Just keep your wits about you, try not to show lots of money in public, and take care when walking alone at night. It is preferable to get a taxi if you are in an area that isn’t familiar to you.

Original Source: https://evolvecoliving.io/blog/taxation-rates-digital-nomads-mexico/

[serviceplus123]

Serviceplus is a dynamic digital marketing agency offering a wide range of services including IT support, taxation solutions, and ERP software. Our team of experts is committed to helping businesses succeed in the digital world by providing customized marketing strategies, advanced tech support, and efficient resource planning systems. At Serviceplus, we blend innovation with expertise to boost your business and ensure smooth operations in all areas.

[acquisory]

TAXABILITY OF VIRTUAL DIGITAL ASSETS - AN OVERVIEW

Introduction

Virtual Digital Assets, especially cryptocurrencies & Non – Fungible Tokens (NFTs), have gained tremendous popularity in recent times and the volumes of cryptocurrency trading has increased substantially. To bring clarity on such asset classes, the government has proposed to define virtual assets, provided for taxation rules on such assets, viz., taxes on income arising out of virtual assets, and TDS in the recent Union Budget 2022.

Virtual Digital Assets - Defined

Virtual Digital Assets, especially cryptocurrencies & Non – Fungible Tokens (NFTs), have gained tremendous popularity in recent times and the volumes of cryptocurrency trading has increased substantially. To bring clarity on such asset classes, the government has proposed to define virtual assets, provided for taxation rules on such assets, viz., taxes on income arising out of virtual assets, and TDS in the recent Union Budget 2022.

Virtual Digital Assets - Defined

Virtual Digital Assets (VDA) shall include

1. Any information or number or token, generated through cryptographic means or otherwise, providing a digital representation of value exchanged with or without consideration, with the promise or representation of having inherent value or

2. Functions as a store of value or a unit of account including its use in any financial transaction or investment, but not limited to investment scheme; and can be transferred, stored or traded electronically.

3. Also, includes a non - fungible token or any other token of similar nature; and

4. Any other digital asset, as the central government may by notification specify it in the official gazette.

Read More: https://www.acquisory.com/ArticleDetails/90/Taxability-of-Virtual-Digital-Assets--An-Overview

[southsouthcooperationday]

(12th meeting) First Session Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation.

3. cont.' - Discussion of possible topics for early protocols, including: e.g: - the taxation of income derived from the provision of cross-border services in an increasingly digitalized and globalized economy.

Watch the (12th meeting) First Session Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation

First Session Ad Hoc Committee to Draft Terms of Reference for a United Nations Framework Convention on International Tax Cooperation will be held from 26 April – 8 May 2024.

[fazcinatingblog]

Sure, I complain about sophia a lot and yeah it's dangerous to say these things about your boss, especially in writing on the internet, but honestly, I really think she should know how awful she is at running a business so

[strategiadvizo]

Unlock Your Potential: Join Our Exclusive 1-Day Workshop!

Register Now Are you ready to elevate your skills and unlock new opportunities? Strategia Advizo, in collaboration with Tilka Manjhi Bhagalpur University, is thrilled to announce an exclusive one-day workshop designed specifically for MBA and M.Com students. Scheduled for the first week of April 2024, at the university seminar hall, this series promises to be a game-changer for your professional…

[ifindtaxpro]

🖥️💰 Tax implications for tech companies decoded! From revenue recognition to global taxation trends, our guide helps software developers and IT service providers navigate the ever-evolving digital maze of taxes. #TechTax #TaxPlanning #SoftwareDevelopment

[lasseling]

UN Program Pushes Digital Public Infrastructure as EU and Gates Foundation Aim for Digital ID by 2030

The United Nations Development Program (UNDP) launches a project to promote DPI aimed at achieving sustainable development goals

[vikram-blogs]

BEPS Pillar 2: Global Minimum Taxation in a Digital Economy

As the digital economy continues to thrive, the need for an equitable and sustainable international tax system has become increasingly evident. The Base Erosion and Profit Shifting (BEPS) project, initiated by the Organization for Economic Co-operation and Development (OECD), has addressed these challenges through the implementation of two pillars solution. ‘Pillar One’ focuses on profit relocation to market jurisdictions, while ‘Pillar Two’ Global Anti-Base Erosion (GloBE) rules introduce a global minimum tax of 15% that would apply to a multinational enterprise (MNE) group with consolidated financial statement revenue in excess of EUR750 million. Over the time, the OECD has released model GloBE Rules, commentary, guidance on GloBE safe harbours, administrative guidance and standardised GloBE information return.

[perfectcomputer2]

Best Digital Marketing Course in Ahmedabad - Perfect Computer Education

Boost Your Career Prospects by Enrolling in The Best Digital Marketing Course in Ahmedabad

If you want a strong career future ahead of you, then consider adding digital marketing expertise to your professional toolkit. Employers nowadays search for job seekers who are experienced enough to add value right away. Finishing a top-ranked course like the Best Digital Marketing Course in Ahmedabad signifies readiness for updates and contribution from day one towards the company’s growth.

If you have any questions or inquiries, please visit our website at Perfect Computer Education. For assistance, you can Contact us by Telephone at +91 82646 39365 or Send us an Email at info@perfecteducation.net We Look Forward to Addressing your Queries and providing the information you need.

[evolvecolving]

Mexico Digital Nomad Visa - Temporary Residence Permit

A very popular digital nomad hotspot, Mexico has decided to take advantage of the opportunities provided by the increase in remote workers by offering a temporary residence permit, which effectively doubles as a Mexican digital nomad visa.

This digital nomad visa / temporary residence permit allows digital nomads to stay in Mexico for one to four years.

Tourist Visa vs Temporary Residence Permit for Mexico

Many people from all around the world can come to visit Mexico on a tourist visa for up to six months. This will not allow you to set up a Mexican bank account, but the longer-term temporary residence visa will.

Tourist visas can be issued for up to 180 days, and it is not unusual for people to leave Mexico and re-enter, being issued with a further 180 days on arrival at the Mexican border control. This can be helpful if you are still trying to decide whether to make a longer-term move to Mexico and want to explore some of the different cities and areas there.

One of the perks of the temporary residence or digital nomad visa is that after you have stayed in Mexico for four years, you will qualify to apply for permanent residence, so you are able to make the switch to living in Mexico permanently, if this is what you desire.

If you stay in Mexico for more than 183 days in any calendar year, you may be considered to be a “tax resident” in Mexico and be expected to pay tax on your worldwide income to the Mexican government.

Mexico has tax treaties with many countries so if you can prove that you are already a tax resident of another country, you may be exempt from “double taxation”. You should explore this with a tax lawyer or accountant, and it is not something to be taken lightly. No part of this blog post constitutes financial advice.

Qualifying for a Temporary Residence Permit

It is important to know that you must be outside Mexico when you apply for a temporary residence permit. You can make an appointment in advance at your local Mexican Consulate or Embassy. There are some documents that you are required to provide at the interview, so please be sure to take these with you when you attend.The documents are listed below:

A valid passport or other travel document with at least six months left to run on it.

The visa application form, completed in English or Spanish, with a “wet” signature on it.

Proof of income can take the form of bank statements and pay slips from your employer. You must prove income of $3,700 — $4,000 per month after tax or savings of up to $75,000 for over six months.

This is to ensure that you have enough money so that you are not tempted to try to take on work that a Mexican citizen can do while you are there.

You will also need a passport-sized photo taken against a white background while not wearing glasses. This is to allow for the creation of your temporary residence permit.

How Long Does it Take and How Much Does it Cost?

It can take at least a few weeks after the interview for your application to be processed. Mexican bureaucracy moves slowly and this is something that you should be prepared for.

The application itself costs $40, and once you reach Mexico, you will have to pay a further $150-$350, depending on the length of visa issued.

You will have to pay the fee each year that you wish to renew the card.

What Makes Mexico so Attractive to Nomads?

Several factors make Mexico a top-tier digital nomad destination. One is the low cost of living compared to the US, the UK, and many parts of Europe. Apartments in many destinations in Mexico still cost $300- $500 per month, which is attractive to those who want to live relatively inexpensively. Many remote workers have relatively low incomes and being able to live in a place that is inexpensive for them can offer a quality of life that is simply unavailable in their home country.

The temperate climate in Mexico is another great selling point for digital nomads and remote workers. Being able to escape the colder weather back home is often what inspires people to become digital nomads in the first place.

According to the popular statistics aggregation website Statista, Internet speeds in Mexico are still lower than the worldwide average. In many towns and cities in Mexico, there is ample high-speed internet for even the most intensive uses by remote workers.

Home to over 30 UNESCO World Heritage sites, Mexico offers a plethora of interesting sites for people who are interested in history and ancient civilisations. There are both Aztec and Mayan ruins here, and there is more than enough to make it a tempting visit for a history buff, with the famed Chichén Itzá being only a short distance from the digital nomad hotspot of Tulum.

Digital Nomad Hotspots in Mexico

There are many places in Mexico which are popular with digital nomads and this is because of a combination of factors including the temperate year-round weather and the comparatively low cost of living.

Mexico City

One of the cultural gems, Mexico City attracts many digital nomads because of its vibrant lifestyle. However, there are some dangerous parts of the city that should be avoided by tourists and nomads.

Playa del Carmen

This is a beach lover’s paradise and is generally kept reasonably safe as it is a tourist and expat hotspot. “Playa”, as it is often simply referred to, is a real hub for the international nomad community.

Tulum

This is one for those who love nature and history, with the ancient ruins of the Mayan civilization right on your doorstep. Tulum is a grat place to tick off a few bucket list items for many people and is a fantastic place to live for a while.

Original Source: https://evolvecoliving.io/blog/mexico-digital-nomad-visa-temporary-residence-permit/

[ssfinancialdigitalservices]