windboater
American expat in Colombia
Forum posts
46
About me
American
Lives in Envigado, Antioquia
Registration: 02 August 2019
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
I notice you had nothing to contribute regarding work arounds. There is always someone who鈥檚 only contribution is criticism. Read More
Why no reporting on civil unrest, assassinations? by CaliRay
What's the truth about what's going on in Colombia? I'm currently in the US and planning to return to Cali at the end of June. I am reading in Colombia Reports about civil unrest, violence and assassinations but find nothing about this ...
You are so right. It started even before trump but has only gained in popularity. 鈥� I know nothing and I鈥檓 proud of it! It use to be if you were ignorant you kept you mouth closed to keep people from realizing .Now they are loud and ... Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
Neither do I but I still need to pay bills back in America. Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
I can鈥檛 speak to what banks do in Colombia, it might be the same as us banks. If you are willing to drag a US (Colombian) cellular phone everywhere you go around the world then you can still pay bills back in America (Colombia). It鈥檚 ... Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
nkristol, you must of had your account for a while. the cheapest plan now is 10 a month if you by a year at a time plus you must setup and prepay a roaming account. Still if it works it will same hundreds over paying for my regular cellular ... Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
If I had a cedula things would be slightly better but with my income coming from the US I still be an issue with the new banking measure I discussed. Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
Thanks nkristol, ordered a sim from them for a year of service. Should arrive in plenty of time for my trip. If it works, then say it will, I鈥檒l be so happy. Will hold onto it until I move from Taiwan back to medellin. Will let you know how ... Read More
New banking security measure could end the expat lifestyle.E by windboater
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ...
Caliray, who do you have the internet phone service with a virtual number with? Thanks Read More
New banking security measure could end the expat lifestyle.E
credit cards can get you money overseas but doing any real banking or brokerage action could soon be out of the question for many longer term expats. Banks and investment houses are tightening their access security. Access may soon be nearly ... Read More
What struck you about Colombia? by Cheryl
Hello everybody, When you first settled in Colombia, you might have been struck by cultural aspects of life in Colombia and you might even have anecdotes about your integration here. We would like you to share with expats-to-be what you ...
What surprised me the most was the Level of control the government exercises over financial transactions and the huge cost and difficulty this entails for foreigner say in the purchase of real estate. At the same time these entries provide little to ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
On the contrary my situation isnt unique in the least. Thats why I found it necessary to report my findings. At the risk of repeating myself (maybe 5 times now) your can't look solely at earned income (world wide) as the problem for Americans ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
I havent seen anyone claim foriegn pension are tax exempt in Colombia so what you are describing is threfore tax evasion. Im not going that route in a foreign country, regardless of what others might do. Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
I specifcally left out the wealth tax from my discussion and said so. You are confusing wealth tax with income tax accessed because you own assets. They arent the same. The Weath tax is not an income tax. I totally understand your confusion . I see ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Actually selling the house wasn't even on the radar when I talked to the Colombian attorneys. That only came up recently but any income from the sale would be fair game for the colombian tax authority, were it would be tax exempt on my US ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Lpdiver if you dont mind illjust answer you a little at a time as i can. Your first question Is simple . Without laying out all my tax situation for the whole world to see it, its the items the US doesn't tax,that Colombia does tax, that gives ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Lpdiver if you dont mind ill kust ansaer you a little at a time as i can. Your first question i sinlple. Without laying out my tax situation for the whole world to see it, its the items the US doesn't tax that Colombia does tax that gives me the ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Thank you for your insights OsageArcher. For many websites, not this one!, the idea is not to inform expats but to misinform them into making the jumping permaturely. Many, so called experts point to a couple of isolated, and confusing facts and ... Read More
Expected % cost of expenses of a real estate transaction. by windboater
Could someone with direct experience on the subject provide and estimate of the percentage cost of expenses to making a 150000usd real estate transaction in Colombia, suitable to qualify for an investment visa . A percentage that would encompass all ...
Thank you. Will check them out. Read More
Expected % cost of expenses of a real estate transaction. by windboater
Could someone with direct experience on the subject provide and estimate of the percentage cost of expenses to making a 150000usd real estate transaction in Colombia, suitable to qualify for an investment visa . A percentage that would encompass all ...
Im not familiar with them. Are they a bank? Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Hi, Garyknrd I have no doubt that the recently posted information on here has left you totally confirm. Its clear there are disagreement galore and some conflicts of interest in the replies. I would highly recommend you talk with an expert. ... Read More
Expected % cost of expenses of a real estate transaction. by windboater
Could someone with direct experience on the subject provide and estimate of the percentage cost of expenses to making a 150000usd real estate transaction in Colombia, suitable to qualify for an investment visa . A percentage that would encompass all ...
Thank you Osage-archer, I agree with everything you have said , that is why I was looking for someone with first hand knowledge. Possibly someone who recently purchased a house or apartment in that price range. The internet is full of anecdotal and ... Read More
Expected % cost of expenses of a real estate transaction.
Could someone with direct experience on the subject provide and estimate of the percentage cost of expenses to making a 150000usd real estate transaction in Colombia, suitable to qualify for an investment visa . A percentage that would encompass all ... Read More
Expatriate Holidays in Colombia by Lo茂c
Hello everyone, You might be getting more and more eager for vacation, whether in Colombia, or elsewhere. It's the perfect time to rest and rebuild your strength, or on the contrary, spend some energy doing things you love, while taking the time ...
Hi Lo茂c, will be spending some time in the Pingzhen district of Taoyuan city Taiwan . About a 40 minutes train ride west of Taipei. We have been there before and really enjoyed the place, the food and the gentle happy people. I especially ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Yes I read all your posts but your examples were way to symplistic to represent a real person or provide any insight into the myriad of tax situations they could find themselves in in Colombia. While these narrowly defind example might sway the ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Fine you post your taxes and ill post mine. We got a deel. You first! Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Fine you post your taxes and ill post mine. We got a deel Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
That is earlier said than done. I was just there for six months and asked everyone I met. Part of the problem is the language barrier. The two attorneys I did finely meet with spoke english and provided the informations I have detailed here. If I ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Yes the best situation for moving to Colombia is to have few , if any asset, and on income from the US and all your income should be earned from oversea sources so you can take advantage of the 100000us income tax deduction. Unfortunately for many ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
The limits are so low that any minimum is meaningless for an american. Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
You can choose what you like but I dont see the Colombian tax being anything like the US system. Yes you can point to minor similarities but its the tax that matters. After the 12000 x2 standard deduction for my wife and I . My tax bill is ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
The confusion there os easy to explain. Colombia doesnt tax pensions. The catch is they dont tax their own pensions. Colombian pension are not tax. So many people see this and say "great they dont tax my pensions. They dont tax Colombian ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
They didnt give me any documents as they would have been in Spanish. I think the confusion may come from how the law maybe executed vs what the law actually say. Lets look at your comments about taxing increases in the value of IRAs. You said the ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
For the benifit of the people intending to go to Colombia with the intension of staying, Im trying to provide real life specifics. I guess this comes down to your objective. My objective is to proved a real world view of tax situation one could ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Wow, you must think im some high roller. As I said me income is small by us standards. My comments are applicable to the average boomer us retiree on Social Security. A small pension and Social security. That's it. Referring to the Colombian ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
I came to the same conclusion, buy Im not going to be visiting colombia for 6 months a year. Id rather go somewhere I can live full time. Getting to old for the instability and traveling. This became very evident once corona closed all exits down. ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
You get no disagreement from me, Colombia is a beautiful place with wonderful caring people. Did you see my post regarding specifics of the tax situation? While I dont have all the accounts I mentioned I wanted people ti get the full picture. Yes, ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
I certainly agree that there is room for conjecture. The two attornies I contacted didnt even agree on all the taxes themselves. So lets talk specifics, its far to easy to get lost generalities. Lets try to nail down where we might disagress so ... Read More
Clarifying Tax on U.S. Expats in Colombia by voyager39
I've read through some summaries of the taxation of U.S. expats in CO and am still unclear on some points. I'm hoping to clear up a couple of items here. There is apparently a determination of a presumptive minimum income of 3% of all ...
Absolutely, i arrived in Colombia with the intension of buying a condo and stay there permanently with my wife. After talking with two different colombian attornies I beat a hasty retreat from the country just days ahead of the 183 day deadline for ... Read More
New members of the Colombia forum, introduce yourselves here - 2019 by Julien
Hi all, Newbie on the Colombia forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more on ...
Hi, Arthur just saw your message asking about Sabaneta. Im been there twice for 3 months each time. can't stay longer otherwise I get stuck in the Colombian Income Tax Trap. It's a wonderful place. Downtown has a small town feel, with lots ... Read More
New members of the Colombia forum, introduce yourselves here - 2019 by Julien
Hi all, Newbie on the Colombia forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more on ...
Yes, the numbers in pesos looks innocent enough , but convert them to dollars and it paints an alarming picture. An American with only standard social security and no other income or assets can expect to pay $13,467.66USD to the Colombian. This is ... Read More
New members of the Colombia forum, introduce yourselves here - 2019 by Julien
Hi all, Newbie on the Colombia forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more on ...
Hi David, im also a Floridian, Rio Negro is a fine choice. While Medellin, and by extension the rest of the valley bills it self as the city of eternally spring, its more like eternal summer. Rio Negro is now the city of eternal spring being ... Read More
New members of the Colombia forum, introduce yourselves here - 2019 by Julien
Hi all, Newbie on the Colombia forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more on ...
Before you make any of the fun arrangments like, preliminary trips to check the place out, be sure to check with a competent US attorney on matters concerning living in Colombia. I wouldn't recommend taking any advice here or from others who ... Read More
New members of the Colombia forum, introduce yourselves here - 2019 by Julien
Hi all, Newbie on the Colombia forum? Don't know how to start? This thread is for you ;) We invite you to introduce yourself on this topic, to share with us your expat story if you are already living in the country, or to tell us more on ...
Hello my name is John. My wife Vanessa and I arrived here two weeks ago from Florida with the intention to buy a condo and settling here. We booked a flight to Bog to secure long term visas for ourselves but then Learned the tax situation here for ... Read More