Data Points: LATAM Special

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

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.

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:

Read more here.

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.

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 Dallas TX, she currently works with clients of all sizes and industries, with a focus on the oil and gas industry. She works primarily with clients in Southern US and Latin America. She also manages AIRINC’s Drilling and Oil Field Services Mobility group. Stephanie is fluent in Spanish. Prior to joining AIRINC, she received her B.S. degree in Economics from Boston College and obtained her MBA from Assumption College.

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