Has the unbeatable Portugal fallen from this pedestal?
For a long time, the Lusitanian country was seen as an El Dorado for foreign retirees.
The quality of life and safety that reigned there attracted a large number of seniors.
Without forgetting a strong argument.
In 2009, a year before the economic crisis that hit Portugal hard, the local government implemented a gold tax system for foreign pensioners.
Their income (pensions and dividends) generated outside Portugal was simply tax exempt.
And this for 10 years.
To benefit from it, you still had to meet two conditions: not having resided in Portugal for the past 5 years and staying there (as a tenant or owner) for at least 183 days (consecutive or not) per year.
To discover
Who pays the most income tax in France?
Read alsoOur 2022 list of cities where it is good to retire
For two years, this preferential regime has been abolished.
Pensions from foreign sources are no longer taxed at 0% but at 10%.
A rate that remains much lower than that practiced in France…
This article is for subscribers only.
You have 85% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for 1€ the first month
I ENJOY IT
Already subscribed?
Login