27 ms·

Have you considered moving to a EU country, especially from eastern EU, to pay lower taxes? For example, where I live, I only pay around 230 EUR per month for a

Have you considered moving to a EU country, especially from eastern EU, to pay lower taxes? For example, where I live, I only pay around 230 EUR per month for an income of 7k EUR/month (of which half of it is for pension and 50 eur for medical insurance). In your case I think you'll be paying around 8% because you have a higher income and you'll need to start an actual company.

1996 6y ago
Where do you live? How is that possible?
- bogdanu 6y ago
  Romania. I'm registered as a "persoana fizica autorizata" (PFA), which has 2 types of taxation systems: - real (which means you're taxed ~40% based on how much you earn). - norma de venit, where you'll need to pay taxes for a fixed amount of money, even if you make less. This system is only for persons making below 100k eur/year, after that you'll be moved to the "real" taxation. In op case, he exceeds the 100k limit and he'll need to register a company instead where there's a 3% revenue tax plus a 5% income tax.
  - greedythrowaway 6y ago
    This site [1] says self-employed (PFA) has an income tax of 16% and national insurance of 10.5% or 26.3%, and another 5.5% (I didn't understand that part very well). Micro-LLCs [2] have a 3% (no employees) or 1% (1 to 3 employees) corporation tax and 16% tax on dividends. 1 - http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce-taxe-si-impozite-platesti-pentru-srl-si-pfa.html http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce... 2 - https://taxsummaries.pwc.com/romania/corporate/taxes-on-corporate-income https://taxsummaries.pwc.com/romania/corporate/taxes-on-corp...
    - bogdanu 6y ago
      Yeah, that's the real system, there's also "norma de venit" which is quite different - you'll pay for a fix amount per year. Also, the dividend tax was lowered to 5%.
- snicky 6y ago
  In Poland software engineers are able to pay 5% linear income tax if they can proove they do R&D and sell copyrights to their code. The rules seem to be quite loose in this regard and thus lots of developers qualify for the discount.
42_ 6y ago
How easy is it to get a job in eastern European countries? And how does one go about finding jobs if you are outside EU? I have tried a couple of job sites, but haven't received any leads. Appreciate any pointers.

1996 6y ago

Where do you live? How is that possible?

bogdanu 6y ago
Romania. I'm registered as a "persoana fizica autorizata" (PFA), which has 2 types of taxation systems: - real (which means you're taxed ~40% based on how much you earn). - norma de venit, where you'll need to pay taxes for a fixed amount of money, even if you make less. This system is only for persons making below 100k eur/year, after that you'll be moved to the "real" taxation. In op case, he exceeds the 100k limit and he'll need to register a company instead where there's a 3% revenue tax plus a 5% income tax.
- greedythrowaway 6y ago
  This site [1] says self-employed (PFA) has an income tax of 16% and national insurance of 10.5% or 26.3%, and another 5.5% (I didn't understand that part very well). Micro-LLCs [2] have a 3% (no employees) or 1% (1 to 3 employees) corporation tax and 16% tax on dividends. 1 - http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce-taxe-si-impozite-platesti-pentru-srl-si-pfa.html http://www.fnsadscagrostar.ro/centre-de-formare/item/1891-ce... 2 - https://taxsummaries.pwc.com/romania/corporate/taxes-on-corporate-income https://taxsummaries.pwc.com/romania/corporate/taxes-on-corp...
  - bogdanu 6y ago
    Yeah, that's the real system, there's also "norma de venit" which is quite different - you'll pay for a fix amount per year. Also, the dividend tax was lowered to 5%.
snicky 6y ago
In Poland software engineers are able to pay 5% linear income tax if they can proove they do R&D and sell copyrights to their code. The rules seem to be quite loose in this regard and thus lots of developers qualify for the discount.

42_ 6y ago

How easy is it to get a job in eastern European countries? And how does one go about finding jobs if you are outside EU? I have tried a couple of job sites, but haven't received any leads. Appreciate any pointers.