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  #1 (permalink)  
Old 17th January 2012, 08:31 AM
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We have a new section of the forum especially for those sometimes complicated tax questions that can arise for expats all over the world!!

Expat Tax - Expat Forum For Expats, For Moving Overseas And For Jobs Abroad
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Old 3rd October 2012, 12:00 PM
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Hello everyone,

lately I have read on different websites about

Portugal offers the new tax resident an income tax free holiday for 10 years, including receiving your pension tax free. They have a reasonable range of double tax treaties to protect the income from being taxed in the country of origin. Capital gains however remain taxable in most circumstances in Portugal, except that gains on the sale of UK property by a Portuguese resident is tax free. Legitimate offshore structures are available to shelter gains and income regardless of the new 10 year exemption.

The 10 year tax holiday was introduced back dated to 1st January 2009, but the Portuguese tax authorities have been dragging their feet on granting any exemptions, placing several (probably illegal) hurdles in the way. Nonetheless, with careful planning, this exemption will have to be granted and if combined with some other tax structures, makes Portugal an attractive haven.

I am from the Netherlands and live in Thailand at the moment. Portugal does have an agreement with the Netherlands concerning double taxation.

Does anyone knows anything about this issue?

Irene

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Old 3rd October 2012, 01:13 PM
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Quote:
Originally Posted by rfeddes View Post
Hello everyone,

lately I have read on different websites about

Portugal offers the new tax resident an income tax free holiday for 10 years, including receiving your pension tax free. They have a reasonable range of double tax treaties to protect the income from being taxed in the country of origin. Capital gains however remain taxable in most circumstances in Portugal, except that gains on the sale of UK property by a Portuguese resident is tax free. Legitimate offshore structures are available to shelter gains and income regardless of the new 10 year exemption.

The 10 year tax holiday was introduced back dated to 1st January 2009, but the Portuguese tax authorities have been dragging their feet on granting any exemptions, placing several (probably illegal) hurdles in the way. Nonetheless, with careful planning, this exemption will have to be granted and if combined with some other tax structures, makes Portugal an attractive haven.

I am from the Netherlands and live in Thailand at the moment. Portugal does have an agreement with the Netherlands concerning double taxation.

Does anyone knows anything about this issue?

Irene

Hi Irene

This has previously been discussed on the forum. I will see if I can trace back to the original thread

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Old 3rd October 2012, 01:21 PM
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FOUND IT


Portugal a tax haven ????


Have a read Irene.

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Old 3rd October 2012, 01:33 PM
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Hello Siobhán,

I just have read the messages. Is it possible to pass me the links?
Thank you very much.
Irene

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Old 3rd October 2012, 01:56 PM
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You might like to try and get hold of this book by Belvin Franks.

http://www.blevinsfranks.com/en/cont...al_Guide_Books

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Old 3rd October 2012, 02:01 PM
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thanks Siobhán!

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Old 3rd October 2012, 02:02 PM
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Quote:
Originally Posted by rfeddes View Post
Hello Siobhán,

I just have read the messages. Is it possible to pass me the links?
Thank you very much.
Irene


No links were posted but you might try googling 10-year income tax exemption portugal

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Old 3rd October 2012, 04:32 PM
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pm Robc

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Old 16th January 2013, 09:54 AM
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Irene
I am a US citizen, living in Thailand and planning to spend a good deal of my retirement living in Europe. I was set on Spain, but having read more about their inheritance tax and requiring disclosure of all bank accounts, it has scared me off. If you gained any more information on Portugal taxes, i would be grateful if you could share with me. Thank you

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