Tax Savings
Portuguese Special Tax for Non-Habitual Residents
A special tax regime for non-habitual tax resident individuals offers tax saving opportunities for foreign pensioners. Overview of the regime A foreign-source occupational pension may be fully exempt from tax for a ten-year period, if its recipient qualifies for the … Continue reading
Cypriot VAT Increase
The standard value-added tax rate in Cyprus increased from 15% to 17% on 1 March 2012, as part of a package of measures aimed at reducing the country’s deficit to 2.8% of gross domestic product by the end of 2012. … Continue reading
(Norsk) Portugal lokker norske pensjonister med nullskatt
I håp om å lokke til seg norske pensjonister, gir Portugal en skattegave av de sjeldne: Fullt skattefritak i ti år. Det kan bety flere hundre tusen ekstra på kontoen for nordmenn som velger å bosette seg langs Atlanterhavet – … Continue reading
Private Sector Special Contribution (effective for 2012 and 2013) in Cyprus
The Special Contribution covers private sector employees, self-employed individuals, and private sector pensioners. The Special Contribution does not apply to retirement benefits, payments from approved Provident Funds, remuneration of the crew of qualifying Cyprus ships or reimbursements. The Special Contribution … Continue reading
Special Defence Contribution (SDC) Amendments in Cyprus
(a) SDC rate on dividends The SDC rate on dividends arising or deemed to arise from 1 January 2012 to 31 December 2013 increases from 17% to 20%. (b) 4-year rule on dividends (effective 1 January 2012) Where a dividend … Continue reading







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