[ Offshore Tax ] When should tax residence be effective to enjoy NHR under the old regime
If you wanna know when should tax residence be effective to enjoy NHR under the old regime, this video is for you!
And if you need #taxinternational advice?
We are here...
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2. We help you MODEL the tax impact of moving to a new jurisdiction
3. CONTACT us for tax optimization consults over Zoom
4. High Net Worth? We can QUOTE for doing your "US - International" tax returns


For more information or inquiries, check out our website
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▶️ Other Videos:
How is a 1099 taxpayer treated in Portugal -
-https://www.youtube.com/watch?v=7rVleHkM3Ckandt=6s
What exactly is NHR Tax Status in Portugal -
-https://www.youtube.com/watch?v=9zz5JAcQXaI
Which to file first US vs Portugal returns!
-https://www.youtube.com/watch?v=i33xDzJkjGMandt=31s


DERREN JOSEPH:


I obtain, he says NHS, but I guess he means NHR. I obtained NHR in 2020, but file my application before March 2021. Will my rate be the 10% or the zero rates? Because, yes, right, it changed. So you obtain the NHR at the beginning of 2020, presumably, that's before the 10% regime, kick-in. Sorry, I'm getting more messages, but I filed, what do you mean by file your application before March 2021? But anyway, in a situation like that, where he got the NHR at the beginning of 2020, does he enjoyed the former rules where his pension income would be free of that 10% tax, Augusto?


AUGUSTO PAULINO:


The relevant date is the date of the tax registration here in Portugal. So, if the date of registration in Portugal was before March 2020, the previous regime applies.


DERREN JOSEPH:


Okay. Gotcha. So before much 2020, if you registered, if you were a tax resident in Portugal before March 2020, you're good. Afterwards, you're in with the rest of us. Okay. Hope that helps


VOICEOVER:


Please subscribe, like share and comment below. Our books and upcoming event are available at htj.tax. Email us at help@htj.tax to engage us to advice on international tax or business matters.


#offshoretax #NHRportugal #internationaltax #taxportugal #expattaxportugal #taxresidenceportugal #portugaltax #portugal #expatportugal #internationaltax #taxplanning #financialplanning #taxes #compliance #AdaptOrDie #internationalbusiness #offshore #expats #investors #offshore #liveyourbestlife #flagtheory #InternationalEntrepreneur #entrepreneur #htj.tax

Show Notes

[ Offshore Tax ] When should tax residence be effective to enjoy NHR under the old regime

If you wanna know when should tax residence be effective to enjoy NHR under the old regime, this video is for you!

And if you need #taxinternational advice?

We are here...

Here are 4 ways we can help you -


1. We offer HOLISTIC strategies to help you live that international life. Tax + MIGRATION options.

2. We help you MODEL the tax impact of moving to a new jurisdiction

3. CONTACT us for tax optimization consults over Zoom

4. High Net Worth? We can QUOTE for doing your "US - International" tax returns


For more information or inquiries, check out our website

https://htj.tax/us-expat-tax-portugal/

or email us help@advancedamericantax.com


▶️ Follow us:

- Facebook: https://www.facebook.com/htj.tax

-Instagram: https://www.instagram.com/htj.tax/


▶️ Other Videos:

How is a 1099 taxpayer treated in Portugal -

-https://www.youtube.com/watch?v=7rVleHkM3Ck&t=6s

What exactly is NHR Tax Status in Portugal -

-https://www.youtube.com/watch?v=9zz5JAcQXaI

Which to file first US vs Portugal returns!

-https://www.youtube.com/watch?v=i33xDzJkjGM&t=31s


DERREN JOSEPH:


I obtain, he says NHS, but I guess he means NHR. I obtained NHR in 2020, but file my application before March 2021. Will my rate be the 10% or the zero rates? Because, yes, right, it changed. So you obtain the NHR at the beginning of 2020, presumably, that's before the 10% regime, kick-in. Sorry, I'm getting more messages, but I filed, what do you mean by file your application before March 2021? But anyway, in a situation like that, where he got the NHR at the beginning of 2020, does he enjoyed the former rules where his pension income would be free of that 10% tax, Augusto?


AUGUSTO PAULINO:


The relevant date is the date of the tax registration here in Portugal. So, if the date of registration in Portugal was before March 2020, the previous regime applies.


DERREN JOSEPH:


Okay. Gotcha. So before much 2020, if you registered, if you were a tax resident in Portugal before March 2020, you're good. Afterwards, you're in with the rest of us. Okay. Hope that helps


VOICEOVER:


Please subscribe, like share and comment below. Our books and upcoming event are available at htj.tax. Email us at help@htj.tax to engage us to advice on international tax or business matters.


#offshoretax #NHRportugal #internationaltax #taxportugal #expattaxportugal #taxresidenceportugal #portugaltax #portugal #expatportugal #internationaltax #taxplanning #financialplanning #taxes #compliance #AdaptOrDie #internationalbusiness #offshore #expats #investors #offshore #liveyourbestlife #flagtheory #InternationalEntrepreneur #entrepreneur #htj.tax