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Old 08.02.2019, 19:27
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Swiss Citizen Moving to Portugal - Tax Impact in Portugal of Liquidating Libre Passag

I am a Swiss citizen and planning to leave Switzerland for residency in Portugal and want to liquidate my "libre passage" account. I have a good understanding of the process in Switzerland and will move the account to Schwyz to minimize Swiss taxes on the withdrawal. What is unclear to me is whether or not Portugal will have the right to tax this transfer of funds from a retirement vehicle to cash. As you can only liquidate the Swiss account when you have a new residency abroad you are of course under the tax jurisdiction of that new residency. I looked up the double taxation treaty and it seems to say that a lump sum withdrawal of a pension is not subject to Portuguese taxes but I am looking for experience of anyone who had done this. I received contradicting interpretations of the treaty from a Portuguese lawyer (there is some risk of taxation) and from a Swiss fiduciare (no risk). Am wondering if anyone has any experience on this or a source that I can reliably use.
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