Go Back   English Forum Switzerland > Help & tips > Leaving Switzerland  
Reply
 
Thread Tools Display Modes
  #1  
Old 08.02.2019, 19:27
Newbie 1st class
 
Join Date: Feb 2015
Location: Genève
Posts: 10
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Mont_Blanc has no particular reputation at present
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.
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Moving into Basel from Portugal pbritocruz Housing in general 2 06.12.2016 10:26
- Moving back to Portugal Marex Leaving Switzerland 9 01.12.2015 03:53
Acquisition of EU passport through Portugal Susan57 General off-topic 1 01.05.2014 16:10
Swiss aircraft found 33 years after Portugal crash The Local Swiss news via The Local 1 25.10.2011 15:46
Hi! I'm (sort of) new in CH from Portugal via US IchBins Introductions 1 25.08.2008 11:40


All times are GMT +2. The time now is 19:54.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0