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Venezuela and Argentina have vibrant software development community, but have challenges in terms of payment methods, specifically about local currencies. How'
by ivanmontillam 4y ago
Venezuela and Argentina have vibrant software development community, but have challenges in terms of payment methods, specifically about local currencies.
How'd you deal with that?
The challenge with Venezuela and Argentina is that you cannot pay developers in local currency, otherwise they'd be losing a truckload of revenue (e.g. Argentina is heavily taxed for remote workers and the official exchange rate for foreign money received is too low compared to the parallel/blackmarket exchange rate).
I'm happy to discuss specific problems (my Twitter handle is open to DMs).
- rootsudo 4y agoThe easiest way is to pay in dollars and advise them to not use the Government rate/bank rate to convert. There is a market rate and government rate - and there are services that will just pay out in Dollars in those countries. Also, cryptocurrency. Ironically enough.
- ivanmontillam 4y agoExactly, but do you realize that's tax evasion in Argentina? By law[0], all foreign income must be converted into ARS (Argentinian Peso) using the Government rate/bank rate. And yes, I meant "tax evasion", not "tax avoidance". "Tax evasion" the illegal version of the topic. -- [0]: https://maxifirtman.medium.com/gu%C3%ADa-definitiva-para-cobrar-d%C3%B3lares-por-trabajos-del-exterior-en-argentina-impuestos-y-1d8ad2683c85 https://maxifirtman.medium.com/gu%C3%ADa-definitiva-para-cob... (in Spanish)
- nomdep 4y agoHowever the employees choose to convert their dollar salaries is their responsibility, not the employer's
- ivanmontillam 4y agoSo, it's not the employer's responsibility to comply with the law? :-)