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hi all can anyone offer advice/first hand knowledge of the following?.
lets say me and my partner set up as self employed in our chosen field,how does the portuguese system work.
what if our earnings were low ie maybe 100pw at outset for example, do they have a minimum threshold as in uk where you are allowed to earn a certain amount before you start paying taxes on earnings?
we have been in touch with inland revenue uk,and we can actually registar as self employed and pay taxes there if we were to spend 90days per year in uk.
that however would not be the way we want to go because although it makes things easy and understandable to us in simpletons terms, we would much rather pay our dues and spend our income in portugal,because to us that is what it is all about.
so is it a more complicated system.
i think i may or may not have been miss-informed by someone who told me we may have to pay up front in advance on as yet unearned income,is this true or false?
by all means we want to pay the correct amount in on what we do earn, but we certainly dont want to have to be paying ie upfront in advance on money we may well not earn.
any help or info will as usual be very gratefully recieved thanks everyone
lets say me and my partner set up as self employed in our chosen field,how does the portuguese system work.
what if our earnings were low ie maybe 100pw at outset for example, do they have a minimum threshold as in uk where you are allowed to earn a certain amount before you start paying taxes on earnings?
we have been in touch with inland revenue uk,and we can actually registar as self employed and pay taxes there if we were to spend 90days per year in uk.
that however would not be the way we want to go because although it makes things easy and understandable to us in simpletons terms, we would much rather pay our dues and spend our income in portugal,because to us that is what it is all about.
so is it a more complicated system.
i think i may or may not have been miss-informed by someone who told me we may have to pay up front in advance on as yet unearned income,is this true or false?
by all means we want to pay the correct amount in on what we do earn, but we certainly dont want to have to be paying ie upfront in advance on money we may well not earn.
any help or info will as usual be very gratefully recieved thanks everyone