Data Points: LATAM special!
Every quarter AIRINC provide data points update on our cost-of-living research including housing, goods & services, tax and research locations. Here we have a special focus on the LATAM region.
Venezuela is battling with staggering but expected inflation. This has filtered down to expatriate rental markets, with rising costs for everything related to property maintenance and upgrades. While the supply of expat housing isn’t necessarily limited, the demand for the best quality and most secured properties has been robust.
GOODS AND SERVICES UPDATE
What are LATAM Goods and Services Inflation rates?
Selected locations with inflation higher than 5% for 6 months:
Read more here.
COUNTRY TAX UPDATE
What are the recent changes in expatriate tax?
Barbados introduced a Pandemic Contribution Levy equal to 1% of income exceeding BBD 75,000 annually or BBD 6,250 monthly. The levy is intended to be temporary, applicable for the 12-month period April 1, 2022 to March 31, 2023. The levy is not deductible for regular income tax purposes. The net effect is an increase in tax for higher incomes. Social security is unchanged.
......continue reading here.