Categories: Taxation

WHAT TAXATION FOR YOUR RETIREMENT ONCE EXPATRIATED

&amp;NewLine;<h2 class&equals;"wp-block-heading">TAXATION OF YOUR RETIREMENT IN PORTUGAL <&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Portugal introduced non-habitual resident status in 2009, giving you the option of exempting your retirement pension for a period of 10 years, provided you are resident in Portugal for tax purposes; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>This measure has been much talked about in the media for several years, but it's important to follow certain rules to avoid your pension being taxed in France&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">The bilateral tax treaty<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The tax treaty between France and Portugal stipulates that the host country taxes private-sector pensions, while France taxes public-sector pensions. It is therefore important to bear in mind that retired civil servants are not eligible for RNH status; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading"> Have a fiscal residence in Portugal <&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>For your pension to be taxed in Portugal and not in France, you must base your tax residence in Portugal&amp;period; You must set up your home in Portugal. <a rel&equals;"noreferrer noopener" aria-label&equals;"habitation &lpar;opens in a new tab&rpar;" href&equals;"https&colon;&sol;&sol;agencelusofrancaiseimmobilier&period;com" target&equals;"&lowbar;blank"><strong><span style&equals;"text-decoration&colon; underline&semi;">home<&sol;span><&sol;strong><&sol;a> and you don't keep your home in France&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>By keeping a home in each state, you jeopardize your expatriation plans... period; L<strong>One of the control elements<&sol;strong> and the center of your vital interests&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><strong>The 183 days per year abroad rule is therefore not sufficient to cease to be a French tax resident&amp;nbsp&amp;semi;&amp;excl;<&sol;strong><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<hr class&equals;"wp-block-separator"&sol;>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p style&equals;"text-align&colon;center" class&equals;"has-medium-font-size">If you have many questions about your expatriation plans, talk to our tax experts&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<hr class&equals;"wp-block-separator"&sol;>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h3 class&equals;"wp-block-heading">Taxation of your retirement in Portugal for non-residents<&sol;h3>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Under the terms of the treaty, your pension in Portugal is exempt from income tax, provided that you are truly considered a tax resident in Portugal&amp;period; in other words, you have no choice but to sever your tax ties with France&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>It is important to note that the treaty with Portugal stipulates that to be a tax resident in the host country, you must be subject to tax there;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>In concrete terms, this means that <span style&equals;"text-decoration&colon; underline&semi;">if you don't pay tax there&amp;comma; France may consider that you are still a French tax resident and tax you&amp;period;<&sol;span><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>At the present time, none of our customers knows how to requalify their expatriation to Portugal. However, as each expatriation is different from many points of view &amp;lpar;fiscality&amp;comma; patrimony&amp;comma; family situation...&amp;rpar;<em>&amp;nbsp&amp;semi;<&sol;em><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>It might be a good idea to rent out your property &amp;lpar;Booking or other&amp;rpar; in order to earn rental income&amp;comma; which will of course have to be declared when you file your&amp;rsquo&amp;semi;tax return in Portugal&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Similarly, if you continue to receive income in France after your departure, this income will remain taxable in France only&amp;period; It is therefore important to take all these factors into account&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p><strong>As you will have understood, the taxation of your retirement in Portugal depends on many factors&amp;period; Each tax system is different and requires that your expatriation be planned in advance&amp;period; <&sol;strong><&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<hr class&equals;"wp-block-separator is-style-dots"&sol;>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<div class&equals;"wp-block-image"><figure class&equals;"aligncenter is-resized"><img src&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;wp-content&sol;uploads&sol;2019&sol;04&sol;retraite-au-portugal--724x1024&period;jpg" class&equals;"wp-image-4607" width&equals;"250" height&equals;"350"&sol;><&sol;figure><&sol;div>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<div class&equals;"wp-block-button aligncenter"><a class&equals;"wp-block-button&lowbar;&lowbar;link has-background" href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;produit&sol;retraite-au-portugal-guide&sol;" style&equals;"background-color&colon;&num;0e3347">Buy our book<&sol;a><&sol;div>&amp;NewLine;

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