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jwthompson239

jwthompson239

Member

English looking for information about Portugal

Forum posts

14

About me

English

Registration: 16 July 2021

Activity

jwthompson239 created a thread
3 years ago

Notify Financas Not Resident

Hello all, I obtained NHR in March 2020 but then went back to the UK during Covid so haven't been Portuguese fiscal resident between then and now. Can I notify the Financas of this myself? Or do I need a Fiscal Representative in Portugal to ... Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Thank you, I will definitely get a tax authority ruling before moving any larger amounts of money Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

The quality of Portuguese "tax advisors" I keep being referred to is very variable: -no requirement for authorisation -give different advice for the same question -no service agreement so what is their liability to me if they misadvise ... Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Are you able to share the database you use to consult the divided tax cases please? I am concerned that the tax adviser I spoke to isn't aware of how to find these cases. Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

So I I need to tell the Portuguese that I have been non resident since shortly after getting my NHR - and then change back again at the right time Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

I have NHR - but haven't taken it up in the last year as Covid struck just as I was about to move. So I'm not sure where that leaves me as I'm still a UK tax resident. Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Thank you very much. This seems to point to the fact that the more I look at this area, the murkier it is, given that I was told yesterday by a Portuguese tax advisor about the UK dividend case. Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Can you go to their decisions in 2016 or 2017? Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

I've just been looking at the legal system and there does appear to be a separate fiscal court. The case was apparently bought in 2016 or 2017 relating to a 2014 NHR return. I don't have much information but as I said earlier, apparently an ... Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Apparently one can't get transcripts of court cases in Portugal - so I can't get the case of the Portuguese fiscal authority v the NHR resident who took the dividends out. The taxpayer lost and paid 28% Portuguese tax on his UK dividends. Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

I asked the person who told me about this case yesterday to send it to me and will publish the reference here if I get it. This is a murkier world than people know. Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Thanks for your reply. I'll try to get the case. 70% win for taxpayers, when the law is "100% clear" isn't a good risk! Read More

jwthompson239 replied to a thread
3 years ago
hazmog

NHR and UK dividend tax by hazmog

I read this article which seemed to say as a company director I would end up paying little to no tax on my income which is largely dividends based, meaning the move to Portugal would save us money. I then spoke to my accountant and he says I would ...

jwthompson239

Forgive me for being late to this but have been researching taking dividends from a UK company while in Portugal under NHR, and it sounds more complicated than many articles tell you. 1) under the double tax treaty, Portugal is not supposed to tax ... Read More