take Working smart It has become an increasingly common activity since the end of the pandemic. In fact, to work, all you need is a computer, smartphone and a stable internet connection. gave Ministry of Labor and Social Policies This type of usage is defined as “A special way of performing subordinate work has been introduced to increase competitiveness and facilitate the adjustment of work-life times.” This means that some work takes place outside the company’s premises. Work remotely Where the entire activity takes place where it is deemed appropriate. There is also a figure of The digital nomad Which works virtually from different parts of the world.
Obviously for any job you have to pay the required taxes. Where you can save. If you move abroad.
What are the countries in Europe and the world where people pay the lowest taxes?
Among European states with Low taxes I’m there Romania, gave Bulgaria, gave Bosnia and HerzegovinaAccording to the latest report of Kosovo and North Macedonia Tax Foundation. In the Eastern/Southeastern European countries indicated above, in fact, tax reductions represent a strategy to attract foreign investors because they are still developing their infrastructure and their economies. are These countries often offer lower labor and production costs as well as tax breaks. Also, they guarantee a good standard of living as everything from rent to food costs less.
i world, Instead, definitely in countries where lower taxes are paid United Arab Emirates Despite the introduction of a federal tax on company profits of 9% over approximately €90,800 from 1 June 2023. However, this is one of the lowest rates in the world. This tax does not apply to personal income from investments, property and work. Even The Bahamas They are a great place to work from home because there is no income tax but you must have housing. Islands are also tax exempt. Bermuda However, given their location, living there is very expensive.
Can you live abroad if you work remotely?
You don’t have to live where you work. Especially for this reason, many countries are trying to attract qualified professionals and digital entrepreneurs so that they can count on their income. And they do this by offering very favorable tax terms.
Greece, for example, is trying to attract more The digital nomad. The latter, as can be seen from the name, are workers who carry out highly qualified tasks with the help of technological devices that allow them to work remotely independently or for a company based abroad or even in Italy. Allow to.
However, there is a distinction to be made. The law, in fact, distinguishes two personalities: those digital nomads and those Remote workers. The latter is usually an employee with an employment contract who performs a task that does not require going to the office while the other is a self-employed worker.
For these figures in Italy (if they come from abroad) a Residence permit valid for 1 year. And which is renewable every year as long as the requirements that allow it to be obtained remain valid, such as a minimum income, health insurance and having a highly qualified job.
With reference to these figures, the Ministry of Labor and Social Policies explained that according to international agreements, if a worker spends More than 183 days in one country Must comply with tax laws and pay taxes in that country. In Italy, for example, after this period a digital nomad with a residence permit must open a VAT number to issue invoices, pay social security contributions and income tax. Opening is not automatic but must be requested from the Revenue Agency. In case of non-compliance with the tax, the residence permit will be revoked.
gave Circular No. 25 of 2023 The Revenue Agency has, in any case, provided clarifications on the taxation of smart working workers residing abroad. Well, he explained that identifying the tax residence or the period of stay of the worker at a particular place is of primary importance.
Which countries are the easiest to work remotely?
Il Global Remote Work Index 2023 has compiled a ranking of the best places where working remotely is easy. It is based on four main points namely cyber security, infrastructure, social security and economy while data comes from recognized sources like World Economic Forum and United Nations.
From the ranking, it can be seen that the Northern European countries are at the forefront. denmark, i The Netherlandsthe Germany, Spain, Sweden, Portugal, Estonia, Lithuania, Ireland and Slovakia.
As for Denmark’s strengths, which rank first, there are the quality of the internet, the health care system and social inclusion. The advantages of telecommuting in the Netherlands, however, are certainly economic stability as well as the widespread use of the English language, while Germany has the world’s easiest internet service and a good value for money. . of life
Again according to the report, then, Slovakia is at the top of the list for IT Security That is, for the ability to respond to digital attacks. gave BritainHowever, for comes first Economic security That is, for living expenses, for access to health care and for the recreational opportunities offered. Finally, Singapore won for physical and digital infrastructure as well as a very stable internet service while Switzerland For protection and Safety of remote workers.
But what are the benefits of working smarter?
Heavoro nimble For employees, as per latest Osservatorio Smart Workingoffers several advantages including cost reduction. In fact, people who do this type of work 2 days a week manage to save 1000 euros a year on transport even if household expenses go up. Working smart, then, helps to significantly reduce carbon dioxide emissions thanks to less travel. Another strong point of this type of work is that commuting from home to office is eliminated, thereby reducing stress and unexpected events. Finally, thanks to this, employees are more satisfied and motivated.
