Retirees: soon the end of the Portuguese fiscal eldorado?

2/6/2020, 3:13:52 PM

DECRYPTION - The tax regime for European pensioners who settle in Portugal has been modified. Le Figaro takes stock.

When we talk about Portugal, it is very often to evoke its “golden” tax regime for foreigners. An asset that will soon be less advantageous. As the country's economic situation improves, the socialist government has modified this regime, and not abolish it, as its far left allies would have liked.

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This announcement may not go unnoticed among retirees, workers and other French investors, number 1 fans of Portuguese real estate among foreigners (21% of sales made by foreigners, 18% for the British and Brazilians, figures from 1st semester 2019). " I already receive a lot of calls from French people who want to know if this regime will disappear or not, and what tax rate will be applied, " said Cécile Gonçalves, president of Maison in Portugal.

• What is this “golden” tax regime?

Since 2009, European pensioners benefit, by virtue of an agreement between Portugal and their country of origin, from tax exemption on their income (pensions