Comparing The 5 Most Popular European Countries for Expats (& Retirees)

[@ExpatsEverywhere]

Thanks for watching! If you have more specific questions regarding your personal tax situation please reach out to a professional. Get more information about Tytle here 👉www.tytle.io/ 👈 FYI, Tytle has been in the comment section answering people's specific questions regarding things in the video and not covered in the video. Be sure to check it out if you'd like to geek out on this topic. :-) - Josh & Kalie

[@mikeabbott8521]

US retirees should research the tax treaties as well as the tax laws for EU countries. The US /France tax treaty reserves taxation of US Social Security benefits, 401k/IRA/Roth distributions, and pensions from government service to the US only, France won't tax these funds. You must declare them on the French tax return, so if you have any other income taxable in France it will push into a higher bracket, but you won't pay tax on the US retirement income in France, the US gets to tax it at the (probably) lower US rate.

[@ExpatsEverywhere]

We totally agree! This is broad/general information. We definitely recommend people speak to a tax advisor to get a clear picture of their situation because different sources of income, nationalities and other factors play a part. - Josh & Kalie

[@mikewilkerson6134]

Also no capital gains tax on primary residence after 1 year of ownership. France wins for retirees.

[@Francebound2024]

⁠​⁠@@ExpatsEverywhereI was just coming to comment, but you are replying to a comment I was going to write. I realize though that the general information you are giving is for more than US citizens. As a US citizen living in France, we are very fortunate if our only income is retirement income, US interest or dividends.

[@cookmaster3626]

@@mikewilkerson6134 - Just FYI, In the US, Cap gain exemption on Primary residence ( In a 5 year period you must have lived min 2 years) is 250K and 500k for single & joint filers respectively.

[@GeraldFigal]

One reason we are now seriously looking at France over Portugal. Another is that my French is pretty good already.

[@moward301]

Great interview as always, Kalie! Very informative introduction to the most favorable tax regimes in southern Europe. Thank you for the introduction to the company. Love your work!🫶🏿👍🏾

[@ExpatsEverywhere]

Thanks so much! We appreciate hearing that, Mo! Your support has been incredibly encouraging. - Josh & Kalie

[@MirandaHorger]

Thanks for bringing this interview! First I've heard of this company, and this is really great content.

[@ExpatsEverywhere]

Our pleasure! Thanks for watching, Miranda! - Josh & Kalie

[@KarelEgmonds]

Good video! It's such a hard topic. Seems that Greece and Italy are great picks if you have the freedom to choose. I moved to Italy 2 years ago and not looking back :) Def. a good idea to get some specific tax advice as there's usually extra tax credits / deductions you could leverage for your case, or even restructuring your income. Anyway, keep it up!

[@ExpatsEverywhere]

Thank you very much! We appreciate you watching and commenting. - Josh & Kalie

[@izzytoons]

If you care to say, what are the top 2 pros and top 2 cons you've experienced. Also, I hear that young people are leaving because of the economy. Also I know of a couple of intelligent people who went to buy a house in Tuscany and found out that the mafia would be involved in there mortgage; that they could not get one without the mafia getting a cut. They wound up buying in Aix-en-Provence. I have visted Italy many, many times, including this past May (Milan, Venice). I've to those, Verona, Lakes Garda and Como, Florence, Rome (and surrounding area), Pompei, Amalfi, Taormina... The larger cities several times. Both work and pleasure. Anyway, love it. Would go back in heartbeat. A couple of things I did learn conducting business: nepotism is rampant; lots of people in positions not because of their knowledge or skills but because of family relationships or other connections (really has an impact on how effective an organization is, and how well customers are served). The other is work ethic is very variable, and often poor. That, too, can be drag, as someone working with a company or as a customer. And bureacuracy... Omg and the food! My favorite. And wine! On the basis of my experience as a tourist, I would love to retire there (retiring soon). But my research results give me pause. Last, how about the political direction of the country at this point. How does that feel? Would love to hear the insights of someone living there...and loving it!

[@rickconnors4099]

Sounds like he is talking about EU pensions, especially his comment on France. Perhaps you should have had a section on US pensions for clarity.

[@cookmaster3626]

Agree with you. A detailed analysis of US pensioners in the category of income from all sources @ say 50K (least impacted in my opinion $$ wise) and those in the say above 150K retiree income. I posed a separate comment seeking advice on this topic. Hope we get an answer.

[@Tytle_Tax]

Good point! What you're referring to is the exemption with progression (Art. 18 of the tax treaty), which applies to US pensions and retirement income in certain EU countries, like France. While the income itself isn't taxed in France, it still needs to be declared, and it can affect the tax rate on any other income. In the video, we focused on broader rules for expats, but we'll definitely cover US pensions in more detail in upcoming content.

[@cookmaster3626]

@@Tytle_Tax Thank you for your response and looking forward to the video on this topic with special emphasis to US citizens and their various sources of income like Investment returns (stk market), Soc security income, RMD withdrawal income etc and which ones get taxed by France.

[@alancosens]

If you’re a US citizen, you moved in one of these countries and take advantage of their tax advantages, don’t you have to pay both US taxes and taxes in that resident country also once your income exceeds the limit of the foreign earned income tax credit?

[@ExpatsEverywhere]

There are tax treaties that need to be taken into consideration. - Josh & Kalie

[@Tytle_Tax]

Good question! If you’re a US citizen living and working in, say, Portugal, you’ll need to report your worldwide income in both countries. That doesn't mean that you'll pay taxes twice though! Let's look at an example where you earn $400K in Portugal. - FEIE: In 2024, you can exclude up to $126,500 of your income from US taxes. - If you earn more than that, let’s say $400K, Portugal will tax the full $400K, since you live and work there. The first $126,500 is excluded from US taxes under FEIE. The remaining $273,500 ($400K - $126,500) will still be taxed by the US. - But: you can use the Foreign Tax Credit to reduce your US tax bill by claiming credit for the taxes you’ve already paid to Portugal on the income over $126,500. This helps avoid paying taxes twice on the same income. So, practically, you’ll pay the higher of the two countries' tax rates on the income above the FEIE.

[@torstenk3486]

Is there no differentiation between US Social Security and a pension from an IRA for example?

[@Tytle_Tax]

Yes, there's a difference. Let's look at the tax treaty between the US and Portugal for example. US Social Security benefits can be taxed by the US even if you live in Portugal. But a pension from something like an IRA is treated like a regular pension and would only be taxed by the country where you live. You can normally find these distinctions in the tax treaty articles about pensions and government pensions.

[@rfotofolio8087]

According to Section 18 of the Frence /US Tax Treaty your US pension , including 401 K is not Taxed in France. Understand there are alot of situations but this information is very eays to find. Not sure about your expert.

[@Tytle_Tax]

Thanks for your comment! You're right-according to Art. 18 of the US/France tax treaty, US pensions, including 401(k) distributions, are "taxable only in the US", though they still need to be declared in France. In the video, we aimed to cover general tax situations, not specifically for US expats, but we'll be creating more US-specific content soon to dive deeper into these details!

[@LearnWithMike]

He forgot to mention that if you sell your crypto in Portugal (after even one year) and pay 0% on your investments and then decide to move out from Portugal with your capital there is an exit tax of 28%

[@Tytle_Tax]

Yes, it's true that Portugal has an exit tax. In the video, we made a few assumptions to discuss the four profiles across five countries, so we couldn't dive into exit taxes specifically. In Portugal, exit taxes are based on unrealized capital gains, meaning the government treats it as if you've sold all your crypto when you leave. So if you've held those gains for more than 365 days, they remain tax-free. And any tax due is only paid when you actually sell them (following EU law). It might also be worth considering realizing the capital gains on crypto before moving to avoid potential double taxation issues with your new country (sell-and-buy-back).

[@LearnWithMike]

@@Tytle_Tax But that almost makes you a 'slave to Portugal' e.g. let's say for lifestyle reasons or family event you want to move out from the country but 3 years later you sold your crypto in Portugal (no tax was due as you held crypto for more than 365 days) - you can't leave Portugal without paying tax on these 'gains'

[@Tytle_Tax]

@@LearnWithMike Well, if your crypto value went from 10 to 50 while you lived in Portugal, and then rose to 100 in the years after you moved, Portugal could only tax you on the 50-10=40 gain (i.e., the difference between your acquisition cost and the value at the time of exit). Gains accrued after leaving Portugal (100-50) generally wouldn’t be taxed by Portugal if you were no longer a resident. The exit tax only applies to short-term unrealized gains too (e.g. if you move to another country 8 months after buying crypto).

[@mikes6740]

@@Tytle_Tax but is there a time limit on this 'exit'. I do understand that they want their money if I just move in to Portugal cash out and leave... but if I leave after a couple of years they still want to tax me?

[@MamaLlama007]

Great info. Sadly, we still missed the US military retirement pay. I've heard Portugal does not tax military retirement? 🤷‍♀️

[@ExpatsEverywhere]

This is something that should be discussed with a tax specialist as there is likely wording in the tax treaties regarding military pensions. - Josh & Kalie

[@Tytle_Tax]

True! For that, let's take a look at Article 21 (2) of the tax treaty between the United States and Portugal. In simpler words: * A pension paid by the United States to an individual for services to that state (e.g. military service) is only taxed by the United States. * But: if the individual is both a resident and a national of Portugal, then it will be taxed only by Portugal. So, if you're a US citizen living in Portugal, your US government pension (e.g. military) will generally only be taxed by the US unless you also become a Portuguese national.

[@TheGforceuk]

I don’t care how much portugal taxes me coming from the UK . In 5 years I’ll be leaving the Uk to portugal regardless of my income or what I’m taxed . Just been hunting for areas and Alvor is where I’ll live and die in .. taxes or not , the place is heaven compèred to the hovel of a country and city I live in

[@havechopstickswilltravel2990]

That is exactly where we will go as well. Lovely place for active individuals.

[@cookmaster3626]

Please keep praying that 5 years from now they will have the visas still open.

[@alanmackellar8242]

On another note,for a Canadian retiring to Portugal or Greece, would I have to learn the language to be a citizen after the 5 years? Not sure if I'm able to, but would love to learn.

[@Tytle_Tax]

In Portugal, you’ll need to pass a basic Portuguese language test (A2 level). Greece has similar requirements for basic Greek. Learning the language gives you a great connection to the country and its people, and most locals appreciate the effort. Plus, A2 should be quite doable in 5 years!

[@nayao1148]

Oh wow! What an amazing idea to do the different scenarios! Thank you so much for this idea! Anyway to do one video for people with income from USA going to Spain or Portugal, income based in brokerage gains from interest, capital gains and dividends. Gains only from ETF’s like voo, schd, treasury notes… Thank you if you could help with that. What a great help you guys are for the expat community. I will share the video with my other friends that want to go to but are very scared. 🙏

[@lorenlinck4345]

I did a little reading after seeing this. A couple questions regarding Greece 7% regime. I see language that states the 7% does not apply to inheritance. Can you explain more about this. Also, I read that taxes paid at the source (in my case USA) can be applied to the 7% tax. That seems to be unique among these types of regimes. Can you clarify that too? Thank you!

[@Tytle_Tax]

When someone with property in Greece passes away, Greek law controls the inheritance of that property, even if the person lived abroad or wasn’t Greek. Greek law always applies to real estate in Greece, no matter the nationality of the deceased. This means that if the property is located in Greece, it will be handled by Greek inheritance rules. Greek inheritance also includes movable property located in Greece, while property outside of Greece is not covered by Greek law. It operates separately from the 7% flat tax regime, because the 7% flat tax regime is about foreign income. As for the tax treaties between Greece and other countries, like the US-Greece tax treaty, you're also correct that they dictate whether taxes paid at the source can be credited against the 7% tax in Greece. If the treaty allows for it, taxes paid in the US could be credited, which is similar to how other expat regimes work, such as Portugal's former 10% flat tax on foreign pensions. This setup follows the agreements in bilateral tax treaties, and while not unique, it's definitely an advantage for avoiding double taxation.

[@lorenlinck4345]

@@Tytle_Tax Thank you for your reply!

[@amitmazumdar4284]

Don't forget to consider other expenses - this lays out the broad implications of tax regimes, but taxes are only one factor - if a lower tax country has a higher cost of living then it may even out the savings. And of course, retirement is about the quality of life, money is only one factor - we're very happy with our choice of Portugal - people matter more than taxes. To us, picking a country to live in by its tax regime is like buying a car based on the cost of insuring it - it IS a cost, but not the deciding factor. Good overview, Kalie! As always...

[@ExpatsEverywhere]

Thanks, Amit! Great to see you as always. :-) - Josh & Kalie

[@Tytle_Tax]

Great comment! In this video, we focused on the tax implications, but you're absolutely right-there are so many other factors to consider. Even the aesthetic appeal of a country's architectural style could matter ;-) Purely from a cost of living perspective, we've seen a growing number of clients moving to countries like Hungary, Bulgaria, and the Czech Republic, which are all good options from a tax perspective too. From the countries in this video, Greece and Portugal stand out in that regard (although Lisbon is getting expensive...), and Spain remains a solid choice too.

[@izzytoons]

Though, after the 10 yr/10% income tax program expired last year, taxes are going to stop most retirees dead it in their tracks. The rate steps up really quickly, to something like 47% at $70K, right? That's just intolerable for many people, I think.

[@ExpatsEverywhere]

@@izzytoons The answer is likely, it depends. 2024's published tax rate is 48% on €81,199 and above. So what's above that 81k mark gets taxed by 48% and it's not that the whole amount around the €81k has an effective tax rate of 48%. We're not trying to say that it's not still high but we're just saying it like this to paint a more accurate picture. It's matters like this, especially for people that are looking to retire to Portugal or anywhere for that matter, that it's good to speak to a financial planner. - Josh

[@izzytoons]

@@ExpatsEverywhere Thanks for the insight, Unfortunately, still prohibitive for us; we have the means, but can't respinsibly justify it, despite Protugal's other very appealing attributes.

[@T-KRD]

Inheritance tax may be a consideration for some; i checked wikipedia but its not clear to me what would apply to different contexts (part/full time resident with/without citizenship)?

[@skranz7790]

All these countries are wonderful from a lifestyle standpoint. Well, except for the fact that France has higher crime rates than a good lifestyle expectation might require. That being said, from a tax standpoint, Italy and Greece win hands down amongst this list. But, also from a tax perspective, there are much better country options for tax optimization, both in Europe and outside of Europe. Cyprus, Malta, Ireland, Gibraltar, and Jersey are much better tax optimization choices within Europe.

[@BestSeoSolution]

Your thumbnail is very good. Do you make the thumbnails yourself?

[@ExpatsEverywhere]

Thank you. No, we have our VA, who's a graphic artist, do it. - Josh & Kalie

[@BestSeoSolution]

@@ExpatsEverywhere that's great But Your video views so low.Every things is fine. But some are Missing on your Video every area is okay so your video more growing and make a branding can we discuss

[@terrisokolow7796]

Good info!

[@ExpatsEverywhere]

Thank you! - Josh & Kalie

[@銀河のたろー]

Fantastic video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires

[@radioflashinfo]

Looks like a lot of folks will stay in the US.

[@skranz7790]

That depends if first of all Trump is elected, and second of all if he follows through with eliminating citizenship based taxation. If he does both, then I may actually keep my US citizenship instead of renouncing it.

[@camiller4916]

@@skranz7790 if he eliminated citizenship-based taxation, there will probably be a stampede to immigrate to other more tax friendly countries!

[@skranz7790]

@@camiller4916 That's already been happening In record numbers for over a decade. I'm one of them.

[@deanelder8110]

Umm , the Portugal Capital gains tax on overseas properties is zero as you are taxed at source from the country where the property is. So this is a benefit to Portugal compared to Spain.

[@Tytle_Tax]

Thank you for your comment! Actually, Portugal can tax capital gains on US properties in principle, because you must declare your worldwide income in Portugal as your country of residence. However, the main "taxation right" for these gains is given to the United States as the "source country", as outlined in Article 14 of the US-Portugal tax treaty. According to Article 25(3), Portugal gives a tax credit for any US taxes you’ve paid on the gain, making sure you’re not taxed twice. This is not the same as a full exemption though (which was available under the old NHR regime), but it does reduce your tax burden. You’ll still report the capital gain in Portugal and claim the tax credit for US taxes paid. It can also push other income into a higher tax bracket. Keep in mind, the way capital gains on foreign properties are treated can vary depending on the specific tax treaty. Some treaties offer a tax credit like in the US-Portugal case, while others might offer a full exemption or an exemption with progression. By the way, Portugal has a lot of deductions available!

[@deanelder8110]

@@Tytle_Tax Thank you but I wasn’t referring to US properties but elsewhere. The rule of thumb is that CGT is applied to investments other than properties held overseas.

[@Tytle_Tax]

@@deanelder8110 The same principle applies to other countries. While real estate taxation typically falls under the jurisdiction of the country where the property is located, you are still required to report it in Portugal as a Portuguese resident (you have to file worldwide income). Any foreign taxes paid can be either credited or exempted, depending on the tax treaty between the two countries. Even an exemption may still push your other income into a higher tax bracket. As a general rule, you end up paying the higher of the two tax rates. If the tax rate in the other country is higher, you won’t owe anything in Portugal. But if the CGT rate in the other country is lower, Portugal will tax the difference up to its own rate (if the treaty follows a credit system). Spain (and other countries) also follow this principle. It's very common in tax treaties.

[@p.c.h.6721]

I can't think of one single reason to live in the EUSSR, so glad I left!

[@camiller4916]

Where did you move to?

[@p.c.h.6721]

@camiller4916 Dominican Republic, territorial tax system, so no taxes 👌 (if you want the same but you want to be closer to Europe, go to Cyprus).

[@Xenthoid]

France is a no-go. Sorry. It's not really that safe and high taxes for what?

[@erickarnell]

Safety is so different between various cities and between large cities and smaller towns, much more than between the average of each country.

[@銀河のたろー]

From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Evelyn Infurna, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape...

[@StephanieMoore-oj7vz]

I appreciate the professionalism and dedication of the team behind Evelyn’s trade signal service.

[@DavidMartins-y1c]

Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's

[@jeffbox1torres]

I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here

[@KatrachiitoSchultheiss]

Great analysis, thank you! Could you help me with something unrelated: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?

[@freyagrayden9851]

his information for France is NOT correct.

[@Tytle_Tax]

The video was focused on general tax information, not specifically for US expats, which may have led to some confusion. You're right that the tax treatment of e.g. US pensions in France is a bit different due to the tax treaty. We’re planning to release a series specifically for US expats soon, where we’ll cover these kinds of details in more depth.

[@freyagrayden9851]

France doesn’t tax pension or retirement streams if they have reached the age of preservation in their own country and provided it is under a certain threshold. This is not IS centric but applies to all countries with a relevant tax treaty. I am not from the USA

[@margaatjexxl]

Really good

[@ExpatsEverywhere]

Thanks! - Josh & Kalie

[@MirandaHorger]

I thought France didn't tax retirement income. 😳

[@ExpatsEverywhere]

The answer from what we know is that it depends. I've reached out to Tytle to see if they can have a tax specialist come into the comment section of this video and answer some more specific questions. - Josh & Kalie

[@freyagrayden9851]

they don't

[@Tytle_Tax]

The treaty says that US pensions are taxed in the US if you move to France. However, you still need to report them on your French tax return, which could push your other income into a higher tax bracket. We didn’t mention this in the video because it focuses on comparing tax systems in general, not specifically on US expats, and France doesn't have the same treaty rules with every country. France does tax retirement income, but US retirement income is often exempt under the treaty.

[@apeopop]

Regarding crypto in Portugal, I've talked with multiple Portuguese tax lawyers about it and FYI if you make over 200k euro profit it's taxed no matter what.

[@ExpatsEverywhere]

Possibly. We didn't ask Loek. We took the average amount we found online that individuals reported to make in a year in crypto gains. - Josh & Kalie

[@Tytle_Tax]

If you hold crypto for less than 1 year, profits are subject to a 28% capital gains tax. If you hold it for more than 1 year, it remains tax-exempt for individuals who aren't engaging in crypto trading professionally. The information about profits over €200K being automatically taxed isn't explicitly outlined in the law. The threshold you're referring to might relate to scenarios where frequent and significant transactions could be considered a professional or business activity, and thus subject to taxation regardless of the holding period or amount. This is an interpretation question: signs of this include frequent trading, high volumes, using advanced tools, or another professional approach. So for example, if you buy cryptocurrency for €1K and it suddenly increases in value to €200K, that likely wouldn’t be considered business income on its own. It's not just about the amount - while high value can catch the attention of tax authorities, other factors like trading frequency and your approach matter more in determining if it's business income.

[@OracelEgBISC]

Did you shoot this video months ago?! Your guest seems not familiar with the Portuguese new tax law (ATS) and talks as if Italy didn't increase yet the lum-sum tax to 200K!

[@skranz7790]

Italy has a 7% flat tax regime for whole Southern regions (outside cities of 20,000 population or more) as well as a small list of Northern towns.

[@ExpatsEverywhere]

We shot it October 9th. We added the onscreen text about the increase of the lump sum tax as for the most recent filing, it was 100k so for the next filing it will be €200k. - Josh & Kalie

[@Tytle_Tax]

If you're referring to NHR 2.0, we mentioned at the start of the video that the NHR programme had ended. The increase of the lump-sum tax in Italy was approved by Parliament through Law No. 143 on 7 October 2024, just two days before we shot the video-and in the video it's highlighted at 14:21. If there's anything specific you'd like us to cover regarding the new Portuguese rules, feel free to reach out! We're always looking to add more helpful content to our site for the community. Let us know your thoughts!

[@rayl1977]

Not sure I would trust much of this... e.g., not much comment about SS tax, seems focused on PIT. As far as I know France gives 0% tax for US social security based retirement income (wasn't mentioned). Be careful.

[@ExpatsEverywhere]

This wasn't a US specific video so Loek didn't go into specifics in tax treaties and income levels. - Josh & Kalie

[@KarelEgmonds]

I'm Dutch and I moved to Italy. I've actually worked with Tytle and found them very knowledgeable between the two countries. They take into account tax treaties. I bet it's different and very specific for US to France. The guy being interviewed could've mentioned it, but it looks like they had to cram a lot in a very short video

[@freyagrayden9851]

France does not tax retirement income from any country (not just U.S ) if you earn below a certain income. Check out French connections for accurate information.

[@Tytle_Tax]

You're right-Social Security and other pensions are often handled separately in tax treaties. We didn’t go into detail about US-specific pension or Social Security taxation in France because the video aimed to cover a broader range of countries, not just US expats. Rules can be different in tax treaties for each country. But you're correct, under the US-France tax treaty, France doesn’t tax US Social Security income. By the way, it does push your other income into a higher tax bracket... Thanks for watching!

[@銀河のたろー]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $750k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?

[@jamessmith1577]

Unstable markets??? What market are you looking at that is presently unstable? You should be diversified in various sectors, and contribute to various sectors so that your portfolio will still be well balanced. The number one rule is, you should not lose sleep over your investments.

[@nayao1148]

This is so great! 💕💕Thank you so much! I LOVED this video. Would you be able to do a video for someone in USA moving to Portugal or Spain with income only from ETF’s, Treasury notes… like $30000 year income from Dividend, Capital gains and interest only. With an US passport and also my friend here in USA that has a European Passport too.

[@ExpatsEverywhere]

Thank you very much. At this point with your exact question, it would probably be a good idea to speak to a tax advisor in that country and give them your exact income and income source to give you a better indication of your tax liabilities. - Josh & Kalie

[@jamessmith1577]

I have been trying to find the answer to that same question, how they treat income in the form of interest, dividends, and capital gains from a US citizen. I have heard that it is not favorable in Portugal, but I will consult with a tax advisor to see.

[@ExpatsEverywhere]

@@jamessmith1577 Have you spoken to Tytle? Email them, they'll have the answer for you. - Josh

[@radioflashinfo]

Incorrect explanation of 183 day rule or substantial presence test. Reason not to get medical or tax advice from KZbin.

[@ExpatsEverywhere]

How so? Not through enough for you? - Josh & Kalie

[@KarelEgmonds]

Well I think you're referring to the US specific Substantial Presence Test, which also contains a 183-day rule. In the video he refers to the GENERAL 183-day rule that applies to most countries. He also specifically is talking about the 5 countries discussed (and generally for all EU countries it's very similar).

[@Tytle_Tax]

Hi there! We were talking about the general principle of the 183-day rule used in many tax treaties and national tax residency criteria. This rule isn’t universal-some countries use it, while others don’t. And if you end up being a tax resident in two countries at the same time, the next step is to refer to the tax treaty between those countries. And the 183-day rule isn’t the only factor there; other criteria like your permanent home, economic ties, or center of vital interests also come into play. And countries have different criteria: some look at 183 days in the calendar year, some look at 183 days within any 12-month period. Our discussion was about the broader international law principle, not the US-specific substantial presence test, which is a different rule altogether.

[@PedroADSW]

@@ExpatsEverywhereHi, It’s very difficult to make a general video that addresses international tax compliance. There are so many variables, it’s less confusing to create specific situational videos. If you’re a citizen from country A living in country B with a specific type of income, these are your compliance obligations to both countries. You made a video with a Portuguese firm that I feel was akin to this. It’s misleading to the viewer to generalize issues that can be very complex. I like your channel and find your financial videos more transparent than similar channels. Unfortunately, most KZbinr’s aren’t transparent videos when it comes to general tax compliance for expats. For example, telling US citizens, hey, you know you’re going to probably need to prepare 2 tax returns as long as you have income and live outside the US. You know you’re US citizen kids have the same obligation even if they have no connection to the US. Letting green card holders know that most of this doesn’t apply to them, because they have basically cut their resident alien permit in half when they cease residing in the US. Sorry for the long post, but these are issues that aren’t easily discussed in 30, 60, or 90 minute videos, but people are making life changing decisions, often based on incomplete information.

[@ExpatsEverywhere]

@@PedroADSW Hi Pedro, we accept that. Ultimately, the point of the video is to introduce people to a couple places that might make sense for them and then allow them to actually consult tax specialists in the places they're interested in moving. Regarding Tytle, they're not really a Portugal-based firm despite having a Lisbon address. Loek is the CEO who's from the Netherlands and graduated from Stanford in the US and founded a tech company that's currently based in Portugal but I'm not sure they have many or any employees in Portugal. They partner with accountants and tax specialist in each country that they operate in. That's what's really unique about them along with having a platform that allows information to be shared so that clients can have their taxes optimized between multiple countries that they might have tax liabilities in. - Josh

[@銀河のたろー]

What is the most effective strategy for entering crypto trading if you have around $5,000 to invest, or even if your investment amount is slightly more or less?

[@TheSimArchitect]

Love the topic but those taxes are higher than the Dutch ones, for self employed, without any special "landing benefit". I thought there was a country in the EU where you could actually pay low taxes while having a nice comfortable life, even if you have to pay for some services like healthcare, privately. In the end there's no free lunch and socialized medicine is rarely good as it's always designed to be frugal. Sadly I have to admit countries like Ireland scam private health insurers that end up having to use the public system for certain procedures, being forced to wait the same time as everybody else for certain treatments etc. I hear PT and ES are really good on the (private) healthcare front, but taxes are considerably higher there as anybody that makes enough money to buy food is considered a high earner there (can't believe someone is able to have a nice life on their minimum wage with housing costs so high down there). 😬 Thanks a lot for talking about it! I like what you say in the video but their site does not offer services to help you choose which country(ies) you should consider moving to, depending on your situation. It seems to be designed for someone who already knows what they're doing (or going to do) and want a specific professional instead. Did I misunderstand their site? Have a lovely weekend!

[@ExpatsEverywhere]

Thank you! These countries were chosen as they were the top 5 destinations from Americans, Canadians, and Brits (the core of our audience) to move to in Europe. We hope you have a great weekend as well! - Josh & Kalie

[@TheSimArchitect]

@@ExpatsEverywhere Thanks! I always appreciate your content! I thought it was about the 5 best deals in europe, tax wise, not how much tax you would pay in the 5 countries that take more immigration from US and Canada. That said, I think this was one of your best videos, you went to a major point (at least from my perspective, as a low earner, taxes have a massive impact, since brackets change a lot depending where you are and social contributions can also be hefty). I thought your interviewee business was related to helping people choose which countries are the most suitable for their personal case, but they find a professional to work for you when you already figured that out somehow. That said, I am always learning important things from your content and I am very thankful. Have a great week!

[@Tytle_Tax]

Hi there, we do help with tax simulations too. Thanks for this feedback, we'll make it a bit clearer on our website :) Sometimes people come to us with the broad question of which European country is best from a tax perspective, and because it’s a complex question, we first narrow down the options. It depends heavily on your income sources and also some personal preferences. For example, most clients would be choosing between either Czechia vs. Slovakia, or Spain vs. Portugal, but not Slovakia vs. Spain. Typically, we recommend a 60-minute consultation or a spreadsheet simulation of your taxes in the countries you're considering. For example, if you’re unsure between Spain, Portugal, and Italy, our advisors in each country can simulate your taxes to help you make an informed decision. After your move, we also handle your filings and assist with any tax-related matters regarding your relocation. So, in short: yes, we do help with tax simulations! In some countries, we have in-house advisors (we’re still expanding), and in others, we work with carefully selected partners. A great feature of the Tytle platform is that our partners across countries coordinate smoothly via a special chat channel to ensure everything goes perfectly with your tax filings.

[@ExpatsEverywhere]

Thank you! We were at a loss on how to title this video that wouldn't be super wordy but still interesting enough for people to click. Would you like to see a video on Tytle's top 5 places for tax in Europe? - Josh & Kalie

[@TheSimArchitect]

@@ExpatsEverywhere Wasn't that your title? I'd be equally interested on an "Income Tax - 5 Popular EU Countries x 4 Profiles, Including Low & Medium Income (or Digital Nomads and Investors); or something similar. I am thankful for the content anyways, of course. Always loved it. Keep up the good work! 🙏🏻