PORTUGAL TAX change for NHR in pension and royalties
LOOK at TAX with an eye to #stability and #macro data …to get this you must be professionally assisted and advised for every aspect concerning the relocation of a person, a business or an asset.
The value is in a professional analysis of different alternative jurisdictions, without any conflict of interest
with a holistic approach looking into different solutions
for different income and asset categories,
and benchmarking from legal to tax,
from economy to regulations,
from lifestyle to cost of living,
from health and education system to the connection with the world
#Portugal has expensive logistics and #connections and above all has a #worldwide taxation regime and does not have a #nonDom taxation regime. LINK
Now if the new measure comes into force with a minimum of EUR 7500 / year, it means that for a pensioner with a gross pension of EUR 20,000, the taxation will be neither zero nor 10%, but a real 35%
“Foreigners with non-habitual resident status cease to be tax-exempt and will be subject to a tax rate of 10% on their income.” with a min of eur 7500
The Portuguese government is also looking into applying a 20 percent tax on the performance fees and royalties of non-habitual residents.
Moreover, making the purchase of properties in Lisbon and Porto ineligible for the Golden Visa might lead to a significant drop in interest in this program.
“The zero percent tax that Portugal applies to cross-border pensions is not sustainable in today’s world, But taxing royalties and performance fees will put off the kind of people that have helped put Portugal on the map.”
The proposed tax increase on the overseas pensions of NHRs follows complaints from Finland and Sweden that, when combined with bilateral tax treaties, the scheme results in an effective zero tax rate on private pensions.
#WealthManagement and #financialadvisory services and Leaders folks are capitalizing on your #stupidity
To pick up your #assetallocation and the #jurisdiction of choice, #macroeconomy analysis and #stability matter more than just the #tax rate on your income and similarly the wealth protection tools you can get #maltaway
Your assets governance www.maltaway.com independent international advisory & education partners #investments #investors #wealthprotection #relocation #expat