this post was submitted on 30 Nov 2023
1 points (100.0% liked)

Digital Nomads

14 readers
1 users here now

founded 1 year ago
MODERATORS
 

In Portugal, if you work as a "freelancer" and you invoice your company each month (rather than being an employee), you have a pretty good tax rate. Essentially, you are only paying taxes on 35% of your salary (marginally) and as well some social security payments, so for example - if you earn 60k euros a year, you only lose about 18% (if you consider social security payments a loss). Also the first 2 years you pay a lot less than that but I am thinking long term.

Does anyone else know of any other European countries where you can invoice your company from abroad and keep at least 80% of it? (considering a 60k annual income)

I have heard of a flat tax system in Italy where you are taxed between 5-15%? But I dont know if it isn't as "good as it seems" since Italy is pretty high tax.

you are viewing a single comment's thread
view the rest of the comments
[–] bebok77@alien.top 1 points 11 months ago (1 children)

Until the home country or any of the visiting countries, fiscal department wakes up and asks where your country of residence is.

There is fiscal exemption for non residence but the waiver apply when there is one somewhere due to either lenght of stay or main center of life.

The likelihood to be caught are small but be wary that those type of attitude may bite back at some stage (difficulty ih every day life things as no tax return forms, impossibility to get a loan (need tax forms and some records).

[–] ldarcy@alien.top 1 points 11 months ago

How do you report that you are leaving? Never heard about it but obviously I don’t know each and every EU country procedures.