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Tax on pension for Swedes in Portugal in progress

2019-10-14T07:52:15.151Z

Portugal will introduce a tax for, among other things, pensioners from Sweden who live in the country. Previously, it was possible to settle in the country without having to pay tax on their private occupational pension, reports Ekot.



Now it seems clear that Portugal will start taxing people from other countries who settle there. This means that Swedish pensioners who have moved there must start paying tax on their private occupational pension, reports Ekot.

Before the elections in Portugal in early October, it was still unclear how the current taxation would be. But now that there seems to be a socialist minority government in the country, a decision will be made shortly.

Then rules the financial crisis

During the financial crisis in the late 1990s, the country was hit hard. At that time, regulations were introduced that enabled Swedish pensioners to move to Portugal, among other things, without paying taxes on their pensions. Something Sweden has considered to be unfair, which has led the government to decide to levy a 25 per cent special income tax for foreign residents on pensions from the turn of the year.

It remains to be seen what the announced new tax rules from Portugal mean for the Swedish SINK tax.

Source: svt

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