PENSIONERS

New residents in Portuguese territory who are paid pensions from abroad, (income in category H), up to the amount of these, when they arise from contributions, do not receive deductions for the purposes of paragraph no. 2 of article 25, being exempt from the payment of personal income tax, provided that the following conditions are verified:

• Are taxed in another contracting State, in accordance with the convention to eliminate double taxation entered into by Portugal with that State;
• In other words, this is not considered to have been earned in Portuguese territory.

Example Simulate

HIGH ADDED VALUE PROFESSIONS

Net income in categories A (income as an employee) and B (self-employment) earned by professionals with high added value who have established residence in Portugal are taxed at the rate of 20%.

New residents are exempt from the payment of income tax regarding income obtained abroad, provided that:

• they are taxed in another contracting State, in accordance with the convention to avoid double taxation entered into between Portugal and that State; or,
• They are taxed in the other country, territory or region, in the event where there is no convention to avoid double taxation entered into by Portugal, provided that the income, through the criteria stipulated in paragraph no. 1 of article 18, is not considered as having been obtained in Portuguese territory.

Example Simulate