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The Irish company I work for offered me to work remotely 100%. I think it would be a good idea to move and work in a place with better weather and cheaper life.

I am mainly considering Spain and Portugal but I am afraid to incur heavy taxation. I know that both countries offer discounted taxes for new residents.

Can someone tell me how much taxes should I pay on those countries with a salary of around 60K euro?

  • Note that tax isn't the only relevant factor. You may find it difficult to pay social security, in which case you'll want private health insurance. – Peter Taylor Sep 28 '18 at 19:00
  • Don't forget about healthcare and social security costs too. These are often separate from "tax", but can take a big chunk of your pay. – Martin Bonner Oct 24 '18 at 8:57
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KPMG show the tax bands for each countries:

Spain

€0 to €12,450 is taxed at 19%

€12,450 to €20,200 is taxed at 24%

€20,200 to €35,200 is taxed at 30%

€35,200 to €60,000 is taxed at 37%

€60,000 and over is taxed at 45%

Portugal

€0 to €7091 is taxed at 14.5%

€7091 to €10,700 is taxed at 24%

€10,700 to €20,261 is taxed at 38.5%

€20,261 to €25,000 is taxed at 35%

€25,000 to €36,856 is taxed at 37%

€36,856 to €80,640 to is taxed at 45%

€80,640 and over is taxed at 48%

There are several online tax calculators for Spain (e.g. Salary after Tax & Spanish income tax calculator which give "take home pay" figures of €41,405 & €42,314) but I couldn't find a decent one for Portugal.

  • As a non habitual resident Portugal offers a 20% cap for a list of approved professions for 10 years – Joseph Simpson May 25 '18 at 13:34

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