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| costa rica only taxes income earned within it's territories https://forum.costaricaticas.com/viewtopic.php?f=20&t=35563 |
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| Author: | BlueSkies [ Thu Oct 14, 2010 2:44 am ] |
| Post subject: | costa rica only taxes income earned within it's territories |
"In Costa Rica the tax of individuals is based on the principle of territoriality, meaning that all personal income which has a foreign source is tax exempt" copied above from accounting site anyway this is still confusing after looking at posts; if i live 330 days a year in costa rica and my tax income base is there{for USA QUALIFICATION of foreign exemption} so that i qualify for the 90k exclusion, and all my earnnings are derivied from outside CR and are less than the 90k, then can i pay zero taxes? seems like i could be in a perfect limbo- exempt in both countries under 90k as long as i bite the bullet and move there and stay 330 days a year. something i'd like to figure out and aim for but i would like some more insight. thanks if any of you have come to a clear understanding on this |
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| Author: | Jsmythe23 [ Thu Oct 14, 2010 4:02 am ] |
| Post subject: | Re: costa rica only taxes income earned within it's territor |
I think the U.S. exemption is $87,500- and it's only on earned income, any money from capital gains would still get taxed. Not sure how a pension would be qaulified. |
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| Author: | JazzboCR [ Sun Oct 17, 2010 12:34 am ] |
| Post subject: | Re: costa rica only taxes income earned within it's territor |
For these kinds of questions, you are advised to seek out a qualified tax attorney--a misstep can cost you big time and besides, an attorney's fee is deductible, I believe. |
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