End of double taxation for public sector employees in Portugal

<p class&equals;"p1">&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">On August 25 of this year, the French and Portuguese finance ministers signed an amendment to their tax treaty to resolve the difficulties faced by French residents in Portugal when they receive <b>public pay<&sol;b>&amp;period;<&sol;span><&sol;p>&amp;NewLine;<h5 class&equals;"p1"><span class&equals;"s1">Attention&amp;colon; Retired civil servants are not concerned&amp;period; This rider only concerns people working in the public sector&amp;period; <&sol;span><&sol;h5>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">French nationals living in Portugal who receive public remuneration from France will henceforth be taxable only in France, and will no longer have to pay tax in both countries before submitting a request for the elimination of double taxation, thanks to the signature on August 25, 2016 by France and Portugal of an amendment to the tax treaty between the two countries, dated January 14, 1971;<&sol;span><&sol;p>&amp;NewLine;<p class&equals;"p1"><span class&equals;"s1">The aim of this amendment is to simplify administrative procedures; income must now be declared in France&amp;period;<&sol;span><&sol;p>&amp;NewLine;<p>This amendment also brings the bilateral agreement into line with the highest standards in the fight against tax evasion and fraud&amp;period;<&sol;p>&amp;NewLine;<p>The agreement will now include an updated information exchange mechanism&amp;comma; a new mechanism for assistance in the recovery of tax claims&amp;comma; and an anti-abuse clause in line with the principles of the OECD;<strong>OECD<&sol;strong> to prevent the benefits of the agreement from being diverted from their objective by schemes whose sole purpose is to evade tax&amp;period;<&sol;p>&amp;NewLine;