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Under the Investment Tax Code, approved on September 23 2009, [3] a new type of residency, for tax purposes was created under the Personal Income Tax Code, called non-habitual residency (NHR). This new tax residency type was created in order to attract to Portugal high-skilled professionals and pensioners obtaining foreign income.
Swayed by the low cost of living, a supportive health care system, wonderful weather and excellent tax incentives, Portugal has long been a destination for retirees the world over. Add in the...
For example, Portugal offers two types of visas for non-EU retirees: a D7 visa, designed for those with a regular stream of passive income (such as Social Security or a pension — there is a ...
Portugal: Enacted: 16 July 2009: Assented to: 11 September 2009: Signed by: Aníbal Cavaco Silva: Commenced: 1 January 2009: Administered by: Ministry of Finance Portuguese Tax and Customs Authority: Amends; 2020 Portuguese State Budget Law: Related legislation; Corporate Income Tax Code Personal Income Tax Code: Summary; Creates the Investment ...
Single tax of circulation – is an annual tax on all vehicles registered in Portugal. This tax is aimed to make the drivers responsible for the emission of CO 2 and harming the environment. [5] [29] ADD-on STC – is to be paid for the most polluting new vehicles (purchased since January 2017) and for diesel vehicles. [30]
Portugal's main opposition leader vowed on Saturday to lower income tax for young people and gradually increase state pensions if he wins a snap election called earlier this month after the ...
The NHR, a scheme offering a flat tax and protection from double taxation for specific categories of new residents relocating to Portugal, underwent significant changes in 2020. This adjustment was prompted by an influx of pensioners, particularly from Nordic countries , who were moving to Portugal to take advantage of a fiscal regime that was ...
This allowed individuals to live for 10 years in Portugal, paying a flat rate income tax of 20% on money earned in the country. This contrasted with a tax band between 14.5% and 48% for Portuguese ...