Data Points: LATAM Special

    Nov 15, 2022 @ 12:30 AM / by Stephanie De Los Angeles

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    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.

    datapoints index

    HOUSING UPDATE

    Venezuela
    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:

    latam g n s

    fluc latam

     

    Read more here.

     

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    COUNTRY TAX UPDATE

    What are the recent changes in expatriate tax?

    Barbados
    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.

     

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    LATAM Special

     

     

    Read more from our blog AIRSHARE:

    Where do you find your people when abroad?

    How should compensation professionals account for inflation?

    Trends from AIRINC’s Long-term Assignment Benchmark Survey

    Topics: Housing, Expatriate Housing, Cost of Living Surveys, Surveying the World, Venezuela, Cost of living allowances, Tax, Data and Infographics, International Tax Summaries, International Tax Guide, Barbados

    Stephanie De Los Angeles

    Written by Stephanie De Los Angeles

    Stephanie joined the AIRINC client engagement team in 2018. Based in AIRINC’s Cambridge office, she currently works with a wide range of clients mostly in the south central US and Latin America. Prior to joining AIRINC, she received her B.S. degree in Economics from Boston College and later obtained her MBA from Assumption College.