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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.
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 ...
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...
Personal Income Tax – is a tax paid by Portuguese citizens domiciled in Portugal for their worldwide income. Non-residents of Portugal only pay this tax for their Portuguese sourced income. [11] [12] [13] Corporate Income Tax – is a tax applied to the income of companies operating in the territory of Portugal. [4] [14] [15] [16] [17]
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 ...
Illinois: This is where the differences are simplest -- distributions from 401(k) and other retirement accounts along with pension income and Social Security payments aren't subject to income tax ...
German income tax comprises 5 income tax bands, with the first two being based on a totally Progressive tax rate and the rest being flat rate. Taxable income is derived after subtracting personal and child allowances from earned income. In addition a number of other deductions may be claimed by German taxpayers.
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 ...