Expat Retirees in Portugal to Start Paying New Taxes.
For years Portugal has been a haven, a retirement El Dorado, for Europeans and Americans alike who want someplace warm and sunny, with easy access to both the seashore and the mountains — and, most important of all, a place where taxes are non-existent for seniors and foreigners, and the cost of living is relatively inexpensive. Portugal has met all these requirements for over forty years, when it first became a popular retirement spot for Britons weary of paying exorbitant taxes at home even after they stopped working. This was all made possible by Portugal’s celebrate ‘Non Habitual Residency’ visa — which gave foreign retirees freedom from any kind of taxation, so their pensions would stretch much further than in any other country in Europe. But all that is about…