Quote:
Originally Posted by Sid70
20% flat income tax is not actually cheap.
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The 20% is on local generated income. If you route your earnings through a company abrothen you ad (in my case a UK Limited at this moment), then it is seen as foreign source income and can profit from 0% tax during the first 10 years that you live in Portugal.
I'm not sure if this tax rule still exists for many decades to come, but right now the rule is, that when you leave Portugal after those 10 years and then return 5 years later, it's a matter of rinse and repeat and you can profit again for another 10 tax free years.
Isn't the digital age lovely, when all you basically need to make a living is basically a laptop, that you can take with you to whatever place treats you (financially) best?
