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Recent content by prcsc
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P
Working from Portugal
I appreciate everyone's input. As we all agree, we are adding no additional value to this thread anymore. If anyone reading this finds themselves in a similar situation, feel free to drop me a DM. By then I should have figured this out.- prcsc
- Post #26
- Forum: Accounting / Legal
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P
Working from Portugal
I honestly don't understand where all the aggression from everyone is coming from. I thought this was supposed to be a place to look for advise. I have mentioned several times that I would find it really hard to believe that I would be exempt from tax in both countries specially considering the...- prcsc
- Post #24
- Forum: Accounting / Legal
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P
Working from Portugal
Thanks Fred, I def wasn't aware of that.- prcsc
- Post #23
- Forum: Accounting / Legal
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P
Working from Portugal
If anyone is interested, this applies to dividends: NHR: residency in Portugal for foreign nationals - live tax-free in Portugal- prcsc
- Post #20
- Forum: Accounting / Legal
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P
Working from Portugal
And the answer is that I pay tax in...?- prcsc
- Post #19
- Forum: Accounting / Legal
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P
Working from Portugal
Listen, I totally agree with you that it's unreasonable to think that one would be tax-exempt in a modern country like PT. And to be clear, I'm not talking about tax residency - the residency is clearly Portugal. I'm talking about where is the tax paid. I just cannot find anyone to tell me...- prcsc
- Post #17
- Forum: Accounting / Legal
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P
Working from Portugal
Ok, to be clear. For you to be under the NHR status you must to be a tax resident in Portugal. Then on the NHR legislation, there is this clause in my previous comment, which clearly says "Foreign-sourced income from independent personal services is IRS exempt". In the Portuguese legislation (I...- prcsc
- Post #15
- Forum: Accounting / Legal
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P
Working from Portugal
Hi Fred - so I looked into the legislation instead of just asking people (actual accountants), as I have on the last few weeks but I'm getting mixed answers. Let's forget the LLP now. Me being a self employed: This is the NHR legislation clause that applies to me as my income is considered...- prcsc
- Post #12
- Forum: Accounting / Legal
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P
Working from Portugal
Thanks Fred, going through the tax treaty now. I might ask for some help if it's not clear. Will also reach out to Portuguese accountants. Does anyone recommends a PT accountant with experience on this? Thanks!- prcsc
- Post #11
- Forum: Accounting / Legal
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P
Working from Portugal
Hi Fred, went through some others posts and realised that indeed you are aware of the NHR scheme (it was not clear from your initial post). OK I will be operating the LLP from PT. But it's a partnership, if my partner is in the UK, would PT still see this company as a Portuguese company?- prcsc
- Post #9
- Forum: Accounting / Legal
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P
Working from Portugal
Thanks Fred. Are you are of the Portuguese tax regime "Non-Habitual Resident"?- prcsc
- Post #7
- Forum: Accounting / Legal
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P
Working from Portugal
Thanks northernladuk. I will be contracting UK companies. To add a little bit more to the background - I'm currently full employed by a UK company. This UK company has about 5 remote employees in Europe (and about 100 working in-office). I'm in the process of moving to PT and continue to...- prcsc
- Post #3
- Forum: Accounting / Legal
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P
Working from Portugal
Hi there, I will be moving to Portugal in 2019. They have tax incentives for foreigners which I will make use off. The status is call "Non-habitual resident" (NHR). The clause that interests me is the fact that foreign-sourced revenue is totally tax-exempt (i.e UK state pension), including...- prcsc
- Thread
- Replies: 29
- Forum: Accounting / Legal
