In Portugal, if you work as a “freelancer” and you invoice your company each month (rather than being an employee), you have a pretty good tax rate. Essentially, you are only paying taxes on 35% of your salary (marginally) and as well some social security payments, so for example - if you earn 60k euros a year, you only lose about 18% (if you consider social security payments a loss). Also the first 2 years you pay a lot less than that but I am thinking long term.

Does anyone else know of any other European countries where you can invoice your company from abroad and keep at least 80% of it? (considering a 60k annual income)

I have heard of a flat tax system in Italy where you are taxed between 5-15%? But I dont know if it isn’t as “good as it seems” since Italy is pretty high tax.

  • noveltytree@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    It doesn’t get any better than Malta. But then you have to live in Malta. It’s not for everyone