Work in Senegal for a corporation based in Costa Rica
Can I work remotely for a company in Costa Rica while being in Senegal?
It is usually doable, but we recommand to check the following key points first:
- If you are working in Costa Rica, you will have to pay a tax (it is called “IVA”) for all the income you earn. It is a flat tax rate of 19% for all income.
- If you are working in Senegal, you will have to pay a tax (it is called “ISF”) for all the income you earn. It is a flat tax rate of 15% for all income.
- If you are working in Costa Rica, you will have to pay a tax (it is called “IVA”) for all the expenses you incur. It is a flat tax rate of 19% for all expenses.
- If you are working in Senegal, you will have to pay a tax (it is called “ISF”) for all the expenses you incur. It is a flat tax rate of 15% for all expenses.
How to live in Senegal and find remote work in Costa Rica?
Finding remote work in Costa Rica if you are located in Senegal might be difficult, therefore we recommend you to look for remote work in other countries.
The Costa Rica government has introduced a tax on digital products to make sure the country is not a tax haven.
The new tax is expected to be introduced in 2020.
The tax is set to increase from 10% to 30% on the gross revenue of digital products.
How a company in Costa Rica can send my salary in Senegal?
When working remotely for a corporation in Costa Rica, you salary can be send to Senegal but not directly to your bank account. You need to have a company in Costa Rica that is able to send money to Senegal and then you can transfer it to your account.
What is the best way to send money to Senegal? You can send money from your bank account to the bank in Senegal. You can also send money from your bank account to a company that is able to send money to Senegal.
How to send money to Senegal? To send money to Senegal you need to have a bank account in Senegal. You can also send money through a company that is able to send money to Senegal.
Where to pay my taxes when working remotely in Senegal for a company in Costa Rica?
If you are working remotely in Senegal for a corporation established in Costa Rica, taxes could seem complicated but in fact , there are ways to pay them.
The first thing to know is that the company is a citizen of Costa Rica and has a tax ID number (CIT). The company is also a resident of Costa Rica, which means it has a tax residency in the country and is subject to tax.
Taxes in Costa Rica are based on the value of the company and not the individual. The value of the company is determined by the profits made by the company.
For example, if the company makes $1,000,000 in profits, the company will be taxed at 10% (1/10th of $1,000,000).
If the company earns $10,000 in profits, it will be taxed at 0.1% (10/1,000).
If the company earns $1,000,000 in profits, it will be taxed at 10% (1/10th of $1,000,000).
In the case of the company, the profits are determined by the value of the assets and the expenses of the company.
For example, the company may have $1,000,000 in assets and $1,000,000 in expenses, in which case the company has no profits.