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Portuguese taxes in 2020

PORTUGUESE TAXES IN 2020How are UK expatriates taxed in Portugal? See Portuguese taxes for 2020 on income, investments, capital gains and wealth, plus the new NHR pensions tax. 

Anyone moving to or living in Portugal needs to understand how they will be taxed under the local tax regime. Our article looks at Portuguese taxes on income, investments, capital gains and wealth, plus the benefits of the non-habitual residence regime.

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Second wave fears drive volatility in currency markets

Coronavirus uncertainty rocks currency markets in AprilStaying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…

No extension to Brexit transition period

No extension to Brexit transition periodAlthough the UK formally left the EU on 31st January, the transition period means that little has changed for citizens and businesses so far.  It was meant to provide 11 months for the two parties to negotiate the new trade deals that will determine their future relationship. Even under usual circumstances, many spectators argued that this was insufficient time given the scale of negotiations – and we now know that these are far from usual conditions.  

NHR & Golden Visas in Portugal

NHR & Golden Visas in PortugalSovereign’s office in Lagoa, Algarve, was established in 1999 specifically to meet the growing demand for fiscal assistance from foreign investors and retirees wishing to invest or live in Portugal.

As well as assisting and guiding clients through the complex application processes under Portugal’s popular non-habitual resident (NHR) and ‘golden visa’ schemes, Sovereign provides continued fiscal support for clients that require ongoing fiscal representation and accounting services for the renting out of their Portuguese properties and submission of their tax returns.

Pound stabilises on hopes for Brexit deal

Coronavirus uncertainty rocks currency markets in AprilStaying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…

Everything You Need to Know to Manage Your Finances

Everything You Need to Know to Manage Your FinancesFinancial management is a skill that everyone needs to know in order to secure a good future. Financial management however needs a good understanding of your financial situation, mastering the plan and committing to the plan. Money management can be a lot easier than it sounds.

Portugal – The World’s Leading Destination

Portugal – The World’s Leading DestinationSovereign’s office in Lagoa, Algarve, was established in 1999 specifically to meet the growing demand for fiscal assistance from foreign investors and retirees wishing to invest or live in Portugal.

As well as assisting and guiding clients through the complex application processes under Portugal’s popular non-habitual resident (NHR) and ‘golden visa’ schemes, Sovereign provides continued fiscal support for clients that require ongoing fiscal representation and accounting services for the renting out of their Portuguese properties and submission of their tax returns.

Is time running out for tax-free pension transfers?

Is time running out for tax-free pension transfers?Understandably during this global health emergency, normal life has been paused while priorities have shifted. With all that’s been going on, it is easy to forget that the Brexit transition period is still due to end in just a few months, on 31 December. Reassuringly, we now know that if you are lawfully settled in Portugal before then, you will be able to enjoy uninterrupted residence rights. But with no certainty on what form Brexit will take from 2021 – or whether the UK will even leave with a deal – there are still many unknowns.