The biggest change for UK expats since Brexit is regarding Fiscal representation in Portugal. The United Kingdom left the European Union on 31 January 2020. The withdrawal agreement put in place to manage the transition period between 1 February and…
If you are a British citizen you may enjoy significant tax advantages by relocating to Portugal. Tax in Portugal is extremely complex, and you should have your affairs in order before you move to the Iberian Peninsula to avoid crushing tax and penalties.
Unfortunately, many expats arrive in Portugal with only a cursory understanding of the Portuguese tax system.
Many may put their wealth and lifestyle at risk by working with Portuguese accounting firms in Lisbon or Porto who don’t fully understand the tax efficient NHR program, Golden Visa or the UK/Portugal double tax treaty.