Portugal is a top destination for expats. Whether you’re moving to Portugal for work or to retire, proper tax planning is essential.
Portugal is a top destination for expats looking to work or retire abroad. However, one of the biggest obstacles that expats moving to Portugal run into is tax.
Tax is a complicated topic at the best of times, but it can be even more complex for expats. After all, there is a lot to consider. Not only do expats need to understand local tax rules in Portugal, but they also need to be aware of any tax due in their home country.
You should be aware that the UK does have a Double-Taxation treaty in place with Portugal. This protects you from being taxed twice on the same income. However, there are some misconceptions when it comes to such treaties.
When it comes to tax, everyone’s situation is different. Your tax residency status and other factors will determine where tax is due and how much you need to pay.
Seeking professional advice can help you better understand tax and how to be as tax-efficient as possible. For more information, you can contact one of our local experts using the form below.
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