- Joined
- May 30, 2021
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- 957
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- Brazil
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There are many countries that tax every single cent entrepreneurs earn and even alleged returns, apart of to tax for the bureaucracy maintenance. No mind if the business is online or offline.
About Latin America (Mercosur) countries I know
There are countries like Argentina where companies end up closing because the tax system constitutes an heavy burden at the point it's impossible to follow with the business. Uruguay looks like to face the same matter. Brazil stays in a somewhat better condition, but medium sized companies gets too burdened by taxes too. Small sized companies pay between 10 and 27% of taxes on the income, more or less as the Brazilian small sized enterprises.
In any way, to become freelancers in Argentina looks like convenient as to open an individual micro-enterprise in Brazil: in such cases, there is only a small amount to pay to social security in a monthly basis to ensure pension rights.
About south European countries I know
Italian entrepreneurs pay 70% of their income, apart of the VAT and other compulsory bureaucracy.
Spain: between 49 and 61%.
Portugal is very much better than Italy and Spain: small and medium sized companies pay 21% of taxes.
What about your countries?
About Latin America (Mercosur) countries I know
There are countries like Argentina where companies end up closing because the tax system constitutes an heavy burden at the point it's impossible to follow with the business. Uruguay looks like to face the same matter. Brazil stays in a somewhat better condition, but medium sized companies gets too burdened by taxes too. Small sized companies pay between 10 and 27% of taxes on the income, more or less as the Brazilian small sized enterprises.
In any way, to become freelancers in Argentina looks like convenient as to open an individual micro-enterprise in Brazil: in such cases, there is only a small amount to pay to social security in a monthly basis to ensure pension rights.
About south European countries I know
Italian entrepreneurs pay 70% of their income, apart of the VAT and other compulsory bureaucracy.
Spain: between 49 and 61%.
Portugal is very much better than Italy and Spain: small and medium sized companies pay 21% of taxes.
What about your countries?