Cost of Living in Medellin

I moved here 3 years ago from Tennessee and I will never move back to the USA from Medellin.

As of November 4 2022 $1 USD = 5,068 Colombian pesos by the end of December 2022 most likely it'll be $1 USD = 6,500 Colombian pesos music to my ears.

Petro announced September 2022 no more taxes on retirement pensions for foreigners retired in Colombia.Hes running out of money for infrastructure and social medicine for Colombians

However taxes shouldn't have ever been for retired foreigners pensions contributing to the Colombian economy in the first place.

Colombia has always been a mixed bag of corruption against retired foreigners.Unfortunately for Colombia their dishonest actions against retired foreigners has backfired upon Colombia especially since retired foreigners are leaving by the thousands and never returning to Colombia again.

Karma bites suffer

Anyone thinking of visiting medellin or anywhere else in Colombia should think twice before landing anywhere in Colombia. Violence is rife throughout the country people are desperate for food and money to buy basic things needed. Foreigners that have retired in Colombia are moving targets now. They always have been but even moreso,since the peso has lost much of its value. Don't believe all of the hype about Colombia being the place to be because false information could cost people their lives. I lived in Colombia almost 14 years as a retired foreigner but last month I left Colombia last month due to major violence against Foreigners.

Anonymous (or any accountant), regarding the retirement pensions from foreign sources, do they tax 15% to everybody or there is a variable percentage bracket (e.g. they tax more to those who receive more money from their annuities)?

Does your retirement pension counts toward the variable percentage calculation if you also have non retirement income from abroad?

I could not find answers to these questions. However, I am now sure that Colombia does tax retirees if they pensions come from abroad (see https://contadorespublicossantander.com/?p=10041#:~:text=solo%20los%20aportes%20que%20se%20efect%C3%BAan%20a%20fondos%20de%20pensi%C3%B3n%20en%20el%20pa%C3%ADs%20gozan%20del%20beneficio%20fiscal%20antes%20referido%2C%20no%20as%C3%AD%20los%20que%20se%20realicen%20a%20fondos%20en%20el%20exterior%E2%80%9D.).

For instance, if you make $2,000/month from US Social Security Retirement and $1,000/month from Internet work (US funds from the USA), Would you pay like 15% from the SSA ($300/month)? Will regard to the $1,000, would they tax you in an income bracket based on earning totaling $1,000 or $3,000? I appreciate any answer or part of the answer. I will probably talk to a Colombian accountant about this.

I know that the law is about to change and that this new government is going to charge taxes even in local pensioners, that is, those who make more than 10,000,000 COP. But again, this new proposed law will apparently apply only to pensioners who get their money in Colombia, not from foreign sources (See: https://www.semana.com/amp/finanzas/impuestos/articulo/los-pensionados-que-pagaran-cero-impuestos-y-los-que-pagaran-de-400-mil-mensuales-en-adelante/202200/#:~:text=Quienes%20ganen%2010%20millones%20de%20pesos%20o%20menos%2C%20pagar%C3%A1n%20cero.%20%E2%80%9CDe%20ah%C3%AD%20en%20adelante%2C%20entra%20en%20la%20tabla.%20Ese%20rango%20es%20un%20poquito%20m%C3%A1s%20del%2020%20%25%E2%80%9D%2C%20dijo.).

Female tourist deserve to be drugged and assaulted anywhere anytime. It's our way of saying I hope it hurts.
Kala Medellin

Medellín is a lot more dangerous than people claim it is now. On the third night I was here I got assaulted and mugged in front of the police station in Poblado, which many consider to be the safest part of the city. When the police arrived they didn't do an anything. In fact, one of them just made fun of me

Medellin is very dangerous now many foreigners getting murdered. Colombians don't like Pablo Escobars name mentioned supposedly but before he was born KANE was alive and well. It's a family tradition throughout Colombia.

About disability retirement from the US. You may receive regular SSA disability (SSDI) and live in most countries in the world legally. However, if your disability retirement annuity is vey low, and you receive "supplemental" income, I think this is considered welfare, and thus you can receive it only if you live in the United States. Also, in Colombia, be aware of the 183 day rule. If you got only $1,000/month on disability and have to pay 20% to the Colombian government, this wouldn't be a very good deal anymore. In you are a pensioner, and make $3,000/month, even at the 20% income tax bracket, that's already $600 a month.

The rent prices are way understated. A modern 1 br in a good are is 1.5M COP and not 1M

Anon3 I've only got a tourist visa and extended it never a residence visa for this reason. Even if someone has a residence visa and leaves before the 183rd day they are still classified as a resident.They could return two years later and think they're ok but once anyone has a residence visa once the 183rd day is reached say 130 days 2 years ago and came back. In 53 days they would accumulate 183 days. Agencies that get resident visas never tell anyone about DIAN procedures but agencies should be bound by law of revealing it because many are blindsided unfortunately.

Sofia

Well Anon3 I have non residence status because I only stay in Colombia 160 days per year Many think they can leave Colombia for several days and it reverts back like starting from the beginning but it doesn't. Any accumulation of 183 days per year does make anyone a tax resident regardless.For example let's say someone arrives in Colombia on October 1st stays 3 months then another 3 months and 3 days the following year.DIAN recognizes split years as counting towards the 183 day rule. Regardless of if someone has a tourist visa and extends it the same rules apply. Many who visit Colombia from abroad automatically assume the roll over year starts again until they get hit with a large tax bill from DIAN Furthermore once the 183rd day occurs a person will be taxed for the entire year on their income whether they're pensioners or not. I'm an international tax lawyer but it doesn't take a degree to figure it out. DIAN plays it this way to throw people off. I've never owed anything in taxes.I hope this has enlightened you on tax regs.

Sofia

Anon, are you SURE you leaving for a week exempts your retirement from taxes? You had better check with a TAX LAWYER or you could be in for a world of hurt if you are wrong. I am pretty sure the days you mentioned refers to TOTAL days stayed in the country during a calendar year, not days stayed in a row. I am not positive but look into it and be SURE.

I was also under the understanding that you are either granted a resident status or not, I am assuming you intentionally never got resident status? if you did receive resident status don't assume it just magically changes to nonresident status depending on your data in the country. It is true you can lose your resident status being away too much but things take time, you may assume you lost it but still be listed as a resident.

But it sounds like you are essentially living there full time, I would bet that you owe a lot of money and just have been lucky and not been caught yet.