Understanding income tax for expatriates
ONCE YOU have retired to Portugal and/or live there for 183 days during any Portuguese tax year (the calendar year), you become a Portuguese tax resident and liable to pay
Exchange rates that defy gravity
WHAT GOES up must come down, said Sir Isaac Newton and, to be fair, he was mostly right. Think of tennis balls and frisbees and you will be proven right
Ride out the highs and lows of investing
IN THE past, you may have held a selection of investments such as equities, bonds and saving deposit accounts. Perhaps you held some from each category at the same time,
Individual tax payments in advance and retentions
Employees, independent workers and rentals EACH INDIVIDUAL with an income will have to pay individual tax (IRS). However, in order to calculate the individual tax that is owed, a complex
Markets and currencies – a review of 2005
UK For the first time in the last five years, shares outperformed house prices by a substantial margin. According to an article in the Daily Mail, UK house prices rose
Tax tales from across the world
International group calls for more efficient exchange of information Financial intelligence officials from 47 countries have gathered in Bulgaria to discuss how improvements could be made to systems for uncovering
The Julgados de Paz in Portugal
THE JULGADOS de Paz are small claims courts, which were recently created for use by the general public to resolve conflicts through negotiation. The idea is to set up proceedings
Budgets and blame
FOR THE 11th successive year, the European Court of Auditors has refused to sign off the EU Accounts. Eighty per cent of the dodgy claims come from member states, yet
How to increase your after tax income…are bonds the answer
MANY RETIRED people like to supplement their pension with some other form of income. Many simply choose to leave capital on deposit, using the interest it earns as a form
Inflation fears finally force the European Bank into action
EUROZONE INTEREST rates had not changed for two-and-a-half years, they had not risen for five. But all that changed on December 1, when the European Central Bank (ECB) finally tightened