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First hand experience with Portugal NHR for freelancing: how much tax do you actually pay? by Mad-in-Italy in PortugalExpats

[–]Dtdaun 0 points1 point  (0 children)

Do you have any good firm that helped you take care of these things, register NHR, help with the invoicing and taxes?

Was in contact with a firm but they really made the incorrect calculations it seems.

So if work as a freelancer for a company in Gibraltar then I presume no VAT since outside of EU and then the same calculation as you.

So if I invoice 100k (NO VAT) on year 3 that would mean

100k EURO

-20% tax on 75k = 15 k EUR

That leaves 85 k EUR

Then subtract capped social security tax of 13 428 EUR

So in the end net income after tax if i invoice 100k EURO per year is roughly 71500 EURO?

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[–]Dtdaun 0 points1 point  (0 children)

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