- 39
- 35 930
Fresh - Tax Benefits for Expats, Portugal & Spain
Portugal
Приєднався 29 сер 2023
🌍 Welcome to Fresh - Your Ultimate Guide to Taxes for Expats in Portugal and Spain!
Are you an expatriate living in Portugal or Spain or considering making the move? Navigating the intricate world of taxes as an expat can be overwhelming, but fear not, because Fresh is here to demystify it all for you.
Fresh is an international team of tax lawyers based in Lisbon and Barcelona with tax lawyers qualified in Portugal, the US, the UK, Ireland, Brazil, Israel - all working together exclusively to advise expats on taxes. FRESH is the leading expat consultancy, working with thousands of newcomers on their tax matters.
📊 On this channel, we specialize in providing expert insights, practical advice, and up-to-date information about taxation in Portugal and Spain, tailored specifically for expats.
Welcome to Fresh - Where Taxation for Expats Becomes Clear and Fresh! 💰🌴
Are you an expatriate living in Portugal or Spain or considering making the move? Navigating the intricate world of taxes as an expat can be overwhelming, but fear not, because Fresh is here to demystify it all for you.
Fresh is an international team of tax lawyers based in Lisbon and Barcelona with tax lawyers qualified in Portugal, the US, the UK, Ireland, Brazil, Israel - all working together exclusively to advise expats on taxes. FRESH is the leading expat consultancy, working with thousands of newcomers on their tax matters.
📊 On this channel, we specialize in providing expert insights, practical advice, and up-to-date information about taxation in Portugal and Spain, tailored specifically for expats.
Welcome to Fresh - Where Taxation for Expats Becomes Clear and Fresh! 💰🌴
NHR cannot be denied due to missed deadline - FRESH Portugal experts analyse new court ruling
NHR cannot be denied due to missed deadline - FRESH Portugal experts analyse new court ruling
Переглядів: 302
Відео
NHR COMING BACK? Fresh Portugal Tax Lawyers are discussing!
Переглядів 7272 місяці тому
NHR COMING BACK? Fresh Portugal Tax Lawyers are discussing!
Which Visa to Choose When Moving to Portugal? | Golden Visa, D7, D8, D3 Explained
Переглядів 7 тис.2 місяці тому
Which Visa to Choose When Moving to Portugal? | Golden Visa, D7, D8, D3 Explained
TISRI - The Tax Incentive for Science, Research and Innovation (that replaces NHR)
Переглядів 4006 місяців тому
TISRI - The Tax Incentive for Science, Research and Innovation (that replaces NHR)
SPAIN: The Beckham Law - Discussion of tax lawyers
Переглядів 1,1 тис.8 місяців тому
SPAIN: The Beckham Law - Discussion of tax lawyers
Portugal - which VISA? Immigration and tax implications of D7 and D8 Visas
Переглядів 1,6 тис.8 місяців тому
Portugal - which VISA? Immigration and tax implications of D7 and D8 Visas
Taxation of US remote workers in Portugal
Переглядів 3169 місяців тому
Taxation of US remote workers in Portugal
Taxation of US pensions in Portugal
Переглядів 1,8 тис.11 місяців тому
Taxation of US pensions in Portugal
Taxation of digital nomads in Portugal
Переглядів 1,2 тис.11 місяців тому
Taxation of digital nomads in Portugal
Good day if the dividends are paid quarterly like once per year could that also contribute towards your passive income stream
Yes... And locals pay for them....
Very interesting. Are you going to post a full video about this topic?
Real estate speculation by foreigners is making impossible for locals to buy or rent a house
Ull have a great future :D
So theyll approve you to be in deeper debt slavery than before?
Wait so if I start today the process to move to Portugal will I get NHR?
No. You need to have established an existing link earlier than 2024
Refactoring of the NHR is the only reason I stopped looking at Portugal.. sadly
Excellent news! This is a sound and well grounded decision. People should not be penalized for missing a deadline especially after making so many sacrifices moving to Portugal.
I agree. I missed the deadline, and it has been very painful. With this ruling, now I can go to court to get my NHR.
It's not coming back for retirees. Makes no sense.
Four comments: 1. In order to consider Traditional IRAs as pension in Portugal, both the US and Portuguese tax authorities have to agree, otherwise I think we end up paying taxes in both countries and thus violate the basic tenet of double taxation. 2. If Roth IRAs are also taxable in Portugal, then how would you treat Roth conversions, where by US law I can move any amount of money from a Traditional IRA to a Roth IRA by paying taxes on it this year? 3. The concept of a pension, as described in the tax treaty between these two countries, seems to me "guaranteed periodic payments of a pre-determined amount", whereas an IRA is not guaranteed and the value is entirely dependent on how well individuals manage the investment portfolio and withdrawals. 4. Lastly, when we talk of pensions, are Social Security payments to non-government employees taxable in Portugal?
Can you all elaborate on the science and research part? Do university professors, and phd researchers qualify?
what is the income limit for the Beckham law
Hi Pauln No I never got a reply from the presenters. I don’t know anything more than when I asked them the question. I was thinking the same as you but it isn’t clear to me. Entropy here😊👍
So sorry about that. Luckily this message actually got to us so we went ahead and answered all the questions. We will monitor more closely now.
Thanks for the information. Does the 5 year period refer to from the day of arrival/ calendar year or tax year? Ie. Is there a ‘best time’ to arrive to maximise the gain say 1st Jan vs. Mid-year. Thanks
It's up to the end of the year on the year of arrival + 5 MORE years.
this is very thorough and helpful thank you!
Thank you!
Will self emloyed persons moving to Spain on digital nomad visa will be eligible for the Beckham law as per December 2023 decree?
It's still not 100% clear but probably not.
😂
Thanks
too much migrations, total chaos
Deus pai todo poderoso amém 🙏 🙏🙏
Amém 🙏
For US citizen with NHR, high value performance/management work as self-employed or single-person LLC - can one use Totalization Agreement to exempt Portuguese social security? as this self-employment activity will be subject U.S. self-employment tax which is U.S. social security tax and medicare tax?
It depends. If the income is reported as self-employment income in Portugal, the totalisation agreement can be used. If it is reported as profit from a business, there is a mismatch. Apologies for the late reply.
One other comment, I have been having issues finding my comments in your comment sections. I dont know if you have "administrator" approval for all comments such that your admin has to pre-approve before it will be viewable. I have made references to the company name within this channel as well as other channels or to see the blog for a good explanation of x topic, see FP social media page as it has a great beehive of knowledgeable ppl. On many occasions after such comments, I would get a pop ad from YT that I violated their community guidelines. They do have an external link policy which implies if any mention of external link for nefarious activities (they give a short example list) is not allowed. I am not sure if somehow the words of the company name are somehow misconstrued through the AI as being code words for prohibited content. I have had comments removed, my comment ability paused, etc without them giving me clear examples of text that crossed a boundary. It only seems to have with tax videos and/or references to company name (even the channel name),the blog and social media site. I've given feedback that this pertains to a country's tax system and nothing more...yet nothing happens but my posts are deleted, not posted at all, held back for review, or all of the above and I cant comment for x hours. Just wondering if anybody else has had this issue. For the policy on this, search pausing comment policy...have to dig some for it.
Pls consider adding a video about what PT considers as a govt pension? As one can see in the social media grp, it's not that clear. US can have city/town/village; county, state, federal govt paying pensions. Also some public state university employees are considered state workers and get state pensions. Some hospitals used to be county hospital until they were bought out by private company who then assumed the pensions. (For many employees in that situation they had worked 25 yrs there as a county hospital but finished their yrs to retirement as a private hospital employee. Some university hospitals are considered state employees as well...so ground gets murky fast.
Thanks for the question. I will be getting a pension from the state of Kansas
All of the above are government pensions. We doubt a video is needed but we may do a clarifying article at some point.
@@Freshexpattaxes Cool. Thanks
In addition, as an additional tag line to the company name....pls consider adding "Expat international tax experts" or the Everything intl expat tax shop.....something to indicate in the channel title that it is for intl tax configuration and planning...otherwise it doesn't come up when one searches expat tax portugal.
Done! Thank you!
Pls note that majority of Americans do not think of IRA, Roth IRA, 401k, 457b, etc as a pension. The perception of "pension" is one that a company puts money aside (or takes money from employees income) every month to be paid on a monthly basis after the employee retires. In other videos about end of NHR...when someone referred to a pension, another commenter quipped that pensions have been long dead in the US. May I suggest changing the vid title to include something like "(IRAs, Roth, 401k, 457b, and other US retirement savings vehicles)". Without it, ppl may not view vid as they dont think it pertains to them.
So sorry we are only responding now. For some reason it seems notifications from our UA-cam channel have been going to SPAM. Regardless of what the majority of Americans think or may think, all of the above are pensions under Portuguese law and treated as such.
@@Freshexpattaxes roth is not regarded as pension in PT...it is taxed. In US, Roth is funded with after tax dollars so in US the money is not taxed when you take it out. But it Portugal it would be taxed. State pensions, you've said would not be taxed.
Let see if i get this (no NHR). If I have an IRA and over the life of that IRA the average return is 8% then 8% of what ever I pull from that account per year is pension and is taxable, not the entire amount. $100.000 x .8 = $8.000. $8.000 is progressively taxable not the entire $100.000??? something like that???
Only what you take from the pension pot is taxable.
I’m glad I watched your video but I’m still confused. I thought I was moving to Pt in fall next year. I’m totally US pension income…retired educator state pension and social security. I didn’t think I had to worry because of US & Pt treaty until I saw this video and the one Zeef did with Josh, Expats Everywhere. I just applied for my passport. Do I have to go to Pt to get NHR through Fresh in next 2 months or can it be done from US? I did request expedited passport but it could be Jan. when it arrives.
I will be receiving a state pension from the United States. I have read that government pensions: Local, State and Federal are not taxed by Portugal because of the United States Tax treaty with Portugal.....Hope that is true.
Did you ever get an answer? Is your State pension exempt from Portuguese taxation?
So sorry we are only responding now. For some reason it seems notifications from our UA-cam channel have been going to SPAM. US government pension is not taxed in Portugal unless you are both a resident and a CITIZEN of Portugal. So your government pension will not be taxed unless you apply for a Portuguese passport. Not sure what we said with Josh. Perhaps we used the term "state pension" which is how the UK calls social security.
@@Freshexpattaxes that is why using general terms like state pension, govt pension, pension in general is confusing. Perhaps if you use the wording you could make clarification. Like UK = state pension, US = govt pension (not including social security). Not sure how the Canadians refer to these things or the South Africans (lots of them in PT), Israel, Australia (all english speaking, all who have different ways of referring to things).
Great video thank you!
Terrible service with a bighead CEO who doesn't allow anyone else opinion to be said. You are the worst!
SECOND COMMENT
Great video!
Thanks!