How to Pay Low Taxes Living in Bali (NOT Easy)
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In our lastest video, we showed you how to Live Like a King in Ubud, Bali — now it's time to talk about the real cost of living there: taxes.
Many people dream of escaping to Bali without considering the complex tax system in Indonesia. In this video, Mr Henderson breaks down the biggest myths about tax-free living in Bali, explains why Indonesia might not be as tax-friendly as you think, and reveals a little-known tax hack for a four-year tax exemption. Mr Henderson also discusses other countries in Southeast Asia and Latin America which may offer better, more reliable tax options.
00:00 Understanding Indonesia's Tax System
01:15 Common Misconceptions Among Foreigners in Bali
02:20 Indonesia's Subjective Tax Residency Tests: Comparing Other Countries
03:50 The Two Key Tax Residency Tests in Indonesia
06:25 Days Test: Client Example
07:00 Why Tourist Visas Don’t Shield You from Taxes
07:24 Tax Hack: The 4-Year Tax Exemption
08:30 Requirements
09:55 Better Alternatives to Bali for Tax-Friendly Living
Nomad Capitalist helps clients "go where you're treated best". We are the world's most sought-after firm for offshore tax planning, dual citizenship, and international diversification and asset protection. We use legal and ethical strategies and work exclusively with seven- and eight-figure entrepreneurs and investors.
We create and execute holistic, multi-jurisdictional Plans that help clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against threats in their home country.
No other firm offers clients access to more potential options to relocate to, bank in, or become a citizen of. Because we do not focus only on one or a handful of countries, we can offer unbiased advice where others can't.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.