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Portugal Taxes

https://www.youtube.com/watch?v=@WMTEurope

Moving to Portugal as a US citizen? Your biggest surprise might not be the visa, it’s the taxes.
From double taxation myths to retirement income traps, this episode explains what Americans really need to know.

In this episode, Casey Kelly speaks with Pedro Gaudêncio, a chartered accountant and CEO of Portugal Taxes, to break down how the Portuguese tax system works for US expats living in Portugal.

They unpack common misconceptions that often circulate online, explain how the Portugal–US double taxation agreement actually works in practice, and why many Americans misunderstand their tax obligations after moving abroad. Pedro also explains how different types of income are treated, including US retirement income, and what digital nomads and remote workers need to be aware of when becoming tax resident in Portugal.

The conversation also explores tax benefits and incentives for younger expats, why early planning matters, and why working with qualified tax professionals is essential for staying compliant with both US and Portuguese tax authorities.

Whether you are planning a move to Portugal, already living there, or researching US expat tax planning, this episode offers clear, practical insight to help you avoid costly mistakes.

00:00 – The tax mistake that shocks most Americans in Portugal
01:13 – The tax expert Americans wish they’d talked to sooner
04:26 – Why the US makes expat taxes so much harder
05:52 – The biggest tax myths Americans believe about Portugal
06:45 – Selling a US home? Here’s the Portugal tax trap
09:04 – Will you really be taxed twice?
13:56 – Two tax strategies every US expat should understand
15:58 – Why Google gives terrible tax advice for expats
19:38 – How Portugal taxes Social Security and 401(k)s
23:16 – Digital nomads: where your income is really taxed
26:24 – “They won’t know I’m abroad” is a risky bet
28:39 – Hidden tax perks for younger expats (NHR 2.0)

Production team

Host and Researcher: Casey Kelly – We’re Moving to Europe

Producer and Editor: Magdalena Laas – Unscripted Creatives

Sound library

All the music was composed especially for the We’re Moving to Europe podcast by Sage Barton. Copyright 2025, Sage Barton.