O mi god brexit kills expats lol
Surely this is yet another of the evils of Brexit?
British expatriates who move to Portugal could lose their tax free status under new plans being brought in by the left-wing government in Lisbon.
The ruling Socialist Party introduced an amendment to this year’s budget which will levy a 10pc tax on the foreign revenue of British pensioners and other foreigners who move to Portugal.
Or perhaps it’s just the work of those dastardly left-wingers and Communists who have been elected by the Portuguese…?
In the wake of the 2008 financial crisis, Lisbon introduced a 10-year tax exemption for European nationals on condition they lived in Portugal for six months a year.To enjoy this tax perk, they had to qualify for non-habitual residence (NHR) status, under which a person cannot have lived in Portugal for the previous five tax years. The scheme allowed expats to pay no tax for 10 years on foreign income. For Britons this could be pension income, dividends, rental income and non-Portuguese employment income.
The relief was designed to try to bring badly needed foreign investment into the ailing Portuguese economy.
Oh, no: it was just a temporary measure to stimulate investment at a particularly stressed economic time.
The breathless headline of “British pensioners in Portugal to lose tax-free status” does, though, illustrate quite nicely how difficult it is for governments to remove goodies handed out to people—even when those goodies were always intended to be temporary…
Source: http://www.devilskitchen.me.uk/2020/01/o-mi-god-brexit-kills-expats-lol.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).