this is was so informative and useful, ALL simple pensions from the US are liable to pay taxes in the US, thank you for sharing this amazing video with us
Your amazing explanation helps me to understand about the taxes for expats, and clear my all doubts about this theme . I truly appreciate your efforts. Thanks a lot.
Perfect friend, the information you give is excellent, the explanation was very consistent, now I understand better, thanks for such a good contribution. good video I share it. Greetings.
This video is totally great, I really love everything that is mentioned in it and really detailed and explained about expat taxes in Portugal, Thank you very much for sharing it, keep it up!
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One of the best videos I've seen regarding the subject, excellent explanation and very relevant information, it was just what I was looking for, thank you, I hope you continue uploading content, you have my support....
Thats actually really helpful. I had wondered if the tax accountants in the U.S. and Portugal would have to talk. I assumed that they did not, both sides just did their thing. Also, Im curious as to why you didnt know what you owed. Obviously we know w
excellent video on portugal taxes for expats! I learned a lot of things that I have never known before in this video! Thank you for sharing. I'm waiting for the next video
Excellent tutorial with relevant information making known details of the subject just what I was looking for explains in a clear way easy to understand was useful clear many doubts I hope your next videos
It is a tax on people who give up residence in a country for tax reasons or give up their citizenship. Often this takes the form of a capital gains tax for unrealized gain attributable to the period in which the taxpayer has been a resident of the country in question. In most cases, expatriation tax is levied upon change of place of residence or habitual residence
Excellent explanation of the topic, I'm going to follow you for more of this content that catches my attention, if I have questions where can I contact you?
Brilliant information thank you for sharing, it is of great motivation. I follow your recommendations you have my full support and I look forward to the next videos to continue improving as a person and quality of life.
Thank you very much for sharing your knowledge and experience with us and helping us to better understand this very interesting and effective topic; valuable contribution friend
Here is a tax question I have not seen any US Portugal tax expert answer. How does Portugal treat my Tax-differed and Tax-free account from the U.S. (Ira, 401k, Roth Ira)? Thank you
A friendly piece of advice to everyone: Remember to ask for a proper invoice with your NIF on it, even for purchases such as a couple of espressos with pastéis de nata. And regularly log onto your AT profile to validate those invoices. And why bother, you
It sounds like, when your NHR program expires after 10 years, your tax rate will double from 20% to 40%? The question Im trying to get at is, will the expiration of the 10 year abatement be so significant that you will consider leaving Portugal? I think
excellent tutorial, you give good ideas, i am very interested in the video, alway giving good contributions since i follow the channel, it continues to upload very good content
Great content! I got my NIF on september 2022 thru a representative, got my portugal visa approved on dec 2022 and then I landed on Portugal on jan 2023. My visa expired some weeks ago when I went to my SEF appointment for residency. Should I wait until I
We are moving to Portugal: We have a small pension from USA and income from a few rental apartments, We are confused about the tax that we are going to need to pay here in the USA and in Portugal, Could you please explain it to us? Thank you so much.
Thank you for this information. I have a question - does the list of professionals eligible for the NHR also apply to pensioners (social security, 401k, IRAs etc), or only applies to the actively working professionals? Thanks
@@DerrenJoseph right! But is the their eligibility limited to being retired from the list of professions (published at the time) or can any pensioner apply. I assume the later but like to check. Thanks
I am self-employed and am the sole- owner of my own business with no employees, and I am single with no children or dependents, how would I report my individual income taxes in Portugal ?
Can you share Derren’s contact details? I already done the US taxes and need an accountant in Portugal that understands the process… Thank you in advance
19:32 Augusto is given an inaccurate narrative on pensions. ALL simple pensions from the US are liable to pay taxes in the US. As a matter of fact, as Americans we still have to file taxes in the US regardless of the origin of income.
Kind of. Its a bit more nuanced than this which is where inexperienced practitioners get confused. Without getting unnecessarily technical, Portugal won't recognize foreign tax credits from the US for the pension so we need to recharacterize the US pension as foreign and offset the Portugal taxes against any US liability. I'll leave it there. It's quite involved but that's what he was trying to say.
Thanks for your response. I am searching for a Tax lawyer who is an expert in Cryptocurrency rules and taxes in Portugal for someone moving there from Canada. There is mixed information and its difficult to filter best legal advise. If you know the best Tax lawyer with Crypto knowledge please let me know. Thanks again.
Thanks for your question. We appreciate you watching the video and providing feedback. At the moment there are no rules (yet) on cryptocurrency taxes in PT. So tax rules that already exist are applied or not applied. So technically no one can be an expert in crypto tax in PT because there is not yet any specific legislation (this will change in the not too distant future). As explained in this and other videos (everytime we do a livestream we get at least 1 question about it so feel free to do a search on the channel or website) the key thing is to understand whether you're classed as an investor or trader. At the time of writing, investors are not normally taxed under the NHR but traders would be. Feel free to reach out to Augusto for a paid consult if you're unsure of your status. Good luck
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this is was so informative and useful, ALL simple pensions from the US are liable to pay taxes in the US, thank you for sharing this amazing video with us
Your amazing explanation helps me to understand about the taxes for expats, and clear my all doubts about this theme . I truly appreciate your efforts. Thanks a lot.
Perfect friend, the information you give is excellent, the explanation was very consistent, now I understand better, thanks for such a good contribution. good video I share it. Greetings.
Wow thank you. You helped me. You are really good. Thank you.
This video is totally great, I really love everything that is mentioned in it and really detailed and explained about expat taxes in Portugal, Thank you very much for sharing it, keep it up!
Interesting, thank you very much!!! I'm European and I've lived in Brazil for 39 years, taxes too much and we don't get anything back!!! Good job
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One of the best videos I've seen regarding the subject, excellent explanation and very relevant information, it was just what I was looking for, thank you, I hope you continue uploading content, you have my support....
Thats actually really helpful. I had wondered if the tax accountants in the U.S. and Portugal would have to talk. I assumed that they did not, both sides just did their thing. Also, Im curious as to why you didnt know what you owed. Obviously we know w
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Great video , thats really helpuful information about expat taxes in portugal , really thank you for sharing this video with us .
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excellent video on portugal taxes for expats! I learned a lot of things that I have never known before in this video! Thank you for sharing. I'm waiting for the next video
Great video about Portugal Taxes for Expats. I learned a lot from watching it!
Excellent tutorial with relevant information making known details of the subject just what I was looking for explains in a clear way easy to understand was useful clear many doubts I hope your next videos
It is a tax on people who give up residence in a country for tax reasons or give up their citizenship. Often this takes the form of a capital gains tax for unrealized gain attributable to the period in which the taxpayer has been a resident of the country in question. In most cases, expatriation tax is levied upon change of place of residence or habitual residence
I really liked the video, very useful information on taxes in Portugal for expatriates... excellent
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Very detailed and well explained, thank you for helpful information about expat taxes in Portugal.
Excellent explanation of the topic, I'm going to follow you for more of this content that catches my attention, if I have questions where can I contact you?
Brilliant information thank you for sharing, it is of great motivation. I follow your recommendations you have my full support and I look forward to the next videos to continue improving as a person and quality of life.
Thank you very much for sharing your knowledge and experience with us and helping us to better understand this very interesting and effective topic; valuable contribution friend
Here is a tax question I have not seen any US Portugal tax expert answer. How does Portugal treat my Tax-differed and Tax-free account from the U.S. (Ira, 401k, Roth Ira)? Thank you
Ok, now i understand ideal for inventen...
I like this type of content you are the best without a doubt
A friendly piece of advice to everyone: Remember to ask for a proper invoice with your NIF on it, even for purchases such as a couple of espressos with pastéis de nata. And regularly log onto your AT profile to validate those invoices. And why bother, you
Nice overview
It sounds like, when your NHR program expires after 10 years, your tax rate will double from 20% to 40%? The question Im trying to get at is, will the expiration of the 10 year abatement be so significant that you will consider leaving Portugal? I think
excellent tutorial, you give good ideas, i am very interested in the video, alway giving good contributions since i follow the channel, it continues to upload very good content
Hi guys. Great content. You clarified a lot of things. Thank you.
Do you have to pay taxes on your US rental units in Portugal? Also what about Crypto and dividends?
Great content! I got my NIF on september 2022 thru a representative, got my portugal visa approved on dec 2022 and then I landed on Portugal on jan 2023. My visa expired some weeks ago when I went to my SEF appointment for residency. Should I wait until I
We are moving to Portugal: We have a small pension from USA and income from a few rental apartments, We are confused about the tax that we are going to need to pay here in the USA and in Portugal, Could you please explain it to us? Thank you so much.
Thank you for this information. I have a question - does the list of professionals eligible for the NHR also apply to pensioners (social security, 401k, IRAs etc), or only applies to the actively working professionals? Thanks
pensioners can enjoy NHR benefits as well....
@@DerrenJoseph right! But is the their eligibility limited to being retired from the list of professions (published at the time) or can any pensioner apply. I assume the later but like to check. Thanks
I thought there was a question regarding if U.S. social security is subject to tax in Portugal. I don't think anyone answered this question??
Hi. It is answered here - ruclips.net/video/TWHua4Tg0po/видео.html
I am self-employed and am the sole- owner of my own business with no employees, and I am single with no children or dependents, how would I report my individual income taxes in Portugal ?
Under the NHR? IT may be taxable at the flat 20% assuming a sole proprietor....
in which other countries of the EU can this be applied?
Can you share Derren’s contact details? I already done the US taxes and need an accountant in Portugal that understands the process… Thank you in advance
19:32 Augusto is given an inaccurate narrative on pensions. ALL simple pensions from the US are liable to pay taxes in the US. As a matter of fact, as Americans we still have to file taxes in the US regardless of the origin of income.
Kind of. Its a bit more nuanced than this which is where inexperienced practitioners get confused. Without getting unnecessarily technical, Portugal won't recognize foreign tax credits from the US for the pension so we need to recharacterize the US pension as foreign and offset the Portugal taxes against any US liability. I'll leave it there. It's quite involved but that's what he was trying to say.
How is Roth conversion treated by Portugal?
Saw this comment on another video. It's taxed but there should be no double tax once your team knows their job
Thanks for your response. I am searching for a Tax lawyer who is an expert in Cryptocurrency rules and taxes in Portugal for someone moving there from Canada. There is mixed information and its difficult to filter best legal advise. If you know the best Tax lawyer with Crypto knowledge please let me know. Thanks again.
Thanks for your question. We appreciate you watching the video and providing feedback. At the moment there are no rules (yet) on cryptocurrency taxes in PT. So tax rules that already exist are applied or not applied. So technically no one can be an expert in crypto tax in PT because there is not yet any specific legislation (this will change in the not too distant future). As explained in this and other videos (everytime we do a livestream we get at least 1 question about it so feel free to do a search on the channel or website) the key thing is to understand whether you're classed as an investor or trader. At the time of writing, investors are not normally taxed under the NHR but traders would be. Feel free to reach out to Augusto for a paid consult if you're unsure of your status. Good luck
Hi guys. Can you share your contact information? I just found out I have to file an amended return because my Portuguese accountant screwed up.
They double charge us
Double taxation
Wow thank you. You helped me. You are really good. Thank you.