Since January 1, Italy has been trying to attract European retirees with lower taxes. For those moving to the Peninsula. We thought it would be a good idea to compare Portugal and Italy.
On January 1, 2019 a flat tax introduced in the 2019 Italian Finance Act, aimed at retirees. The measure provides a taxation limited to 7% on retirement pensions as well as on foreign-source income. This taxation is only valid for 5 years.
Conditions: settle in one of the eight regions of southern Italy. You can choose a village with fewer than 20,000 inhabitants in Sicily, Calabria, Campania, Puglia, Sardinia, Molise, Basilicata or Abruzzo.
The cost of living in Italy is more or less the same as in France. Expect higher prices in the larger cities. Note that electricity, gas and telephone rates are higher than in France.
The status of non-habitual resident (RNH) allows 10% tax on your retirement pensions for a 10-year period. Visit RNH also enables working people to benefit from a lower tax rate. limited to 20 % for 10 years.
Conditions: Never have been resident in Portugal for tax purposes in the 5 years preceding your move. For working people, be engaged in a high value-added activity.
The cost of living in Portugal is around 20 to 25 % less expensive than in France, in the center and south of the country. north of the country. In the south, prices are more or less the same as in France. Electricity, gas and telephone rates are close to those in France.
Europe is already familiar with tax competition between its member states for multinational headquarters. But the Italian and Portuguese examples show that the purchasing power of pensioners in northern European countries, higher than that of their southern neighbors, could become a new issue in intra-European competition.
The luxury real estate market in Portugal has been in steep decline since the end of the... Read more
Portugal is emerging as a key player in the European economic landscape, attracting attention with its... Read more
Portugal's National Data Protection Commission (CNPD) has taken a significant decision... Read more
Euribor, a crucial indicator in the European financial landscape, has seen some notable variations recently. This... Read more
Marcelo Rebelo de Sousa , President of the Portuguese Republic, believes that the... Read more
The State Budget Act for 2024 has determined the end of the special... Read more
Our site uses cookies.
Read more