Portugal and taxation: Busting the myths
By Chang Lin Zhu, 8 Oct 15
A Portuguese tax resident can be taxed at a rate of 56.5%, but director at Blevins Franks Jason Porter unveils some of the exemptions and reliefs offered to UK expats who decide to make Portugal their home.
In 2015, a Portuguese tax resident, who has income taxable at the highest rates, would pay tax at a rate of up to 56.5%, when solidarity tax and surtax are included.
While this headline may be off-putting, for those UK expatriates who choose to make this jurisdiction their home in retirement, there are a number of exemptions and reliefs which effectively means Portugal could be deemed a ‘fiscal paradise’.
To see Jason Porter bust Portugal’s tax myths click on the arrow on the image above.