The TRUTH About Portugal’s Retiree Taxes from An Expert

Do you really know what your taxes will look like in Portugal? Kalie from ExpatsEverywhere sits down with Pedro, a tax lawyer, to talk about taxes for passive income. Are you retired and wondering how much you will pay? Do you understand the double taxation treaty? Does NHR 2.0 apply to you? There are so many questions about taxes. Watch as they discuss percentages, inheritance tax, the progressive scale, and so much more to help you prepare for your move to Portugal. If you'd like to speak directly to Pedro or his team please click here: http://freshportugal.com/book_service... 🌏 ABOUT US Hi! We’re Josh and Kalie, expats since 2009. We’ve lived in Spain, South Korea, Saudi Arabia, Singapore, and now Portugal (we know, we broke the “S” streak 😅). Follow ExpatsEverywhere for expat interviews, city breakdowns, travel tips, and more to help you live your best life abroad! 🛂 VISAS FOR PORTUGAL DIY your move with our step-by-step courses for Portugal's D7 and Remote Worker visas. 📌 D7 Visa Course https://expatseverywhere.thinkific.co... 📌 Remote Worker Visa Course https://expatseverywhere.thinkific.co... 👌 USEFUL RESOURCES Take the hassle out of expat life with these trusted services. 💸 Transfer Cash Wise (formerly TransferWise): Get free transfer fees with this link. https://bit.ly/4hfN8Rh Spartan FX: Speak to a person for money transfers here. https://bit.ly/4gVdzfh 📺 Watch Your Shows Securely SurfShark VPN: Get 40% off your subscription here. https://bit.ly/4hhxDs4 🔒 Digital Security Aura: Free trial for identity theft protection here. https://aura.com/expatseverywhere 🛡️ Insurance Abroad SafetyWing: Get coverage for expat life here. https://bit.ly/3PEqV3L 👣 Learn a Language Ling: Practice any language with our special link here. https://ling-app.com/offer-yearly-sub... Portuguese with Carla: Learn Portuguese here. https://journey.portuguesewithcarla.c... Portuguese with Leo: Get perfect pronunciation here. https://bit.ly/4ahs4b0 💌 Forward Your Mail Use World Post to stay connected here. https://worldpost.anytimemailbox.com/... 💵 Taxes Taxes for Expats: $25 off tax services here. https://www.taxesforexpats.com/ref/239 📲 GET IN TOUCH Questions? Email us at [email protected] or explore our website. https://expatseverywhere.com Follow us Facebook: @expatseverywhere Instagram: @expatseverywhere X: @expert_expat Patreon: Support us   / expatseverywhere   Chapters 00:00 - Intro 00:34- How do taxes and filing work for someone with $80, 000-$100,000 earnings from social security? 00:55-What are some passive income taxes? 02:16- Does the US hold a double taxation treaty with Portugal? 04:43-Can you give some clarification about the 48% on the progressive scale? 06:33- How do taxes and filing work for someone with an $80,000-$100,000 earnings from social security? 09:52: How complicated is it for someone with social security, a 401 (K) and other aspects? 13:05- Is there any different rule for filing for state pension vs federal? 15:14- Is it true that a lot of retired people won't be able to get the NHR 2.0? 20:30- How does Portugal treat the exchange rate in regard to taxes? 21:00- Does Portugal have an inheritance tax, whether from Portugal or abroad? 21:40- If someone previously retired starts to have an income, what does that imply for tax filing? 22:49- Is it still worth moving to Portugal?