These ruling addresses key uncertainties regarding the classification and taxation of U.S. LLC income in Portugal, making it a must-know for entrepreneurs and investors using these structures.
FRESH Portugal, the largest expat tax firm in Portugal, advises many U.S. LLC owners on their tax treatment in Portugal and will be holding a free webinar to break down the recent ruling and discuss the taxation of U.S. LLCs in Portugal.
U.S. LLCs remain one of the most popular corporate structures worldwide, prized for their simplicity, flexibility, and cost efficiency. With thousands of LLC owners living in Portugal, understanding how their income is taxed, and the potential risks and benefits is essential.
If you own a U.S. LLC or are considering setting one up while residing in Portugal, is essential to understand the legal and tax implications.
The webinar will cover some of the following subjects:
1. Treatment of LLCs - how is income from LLC treated?
2. Transparency / opaque rules.
3. Exceptions and risks.
4. Permanent establishment / corporate tax residency.
5. How can LLCs be best utilized for tax planning - for Americans and for non-Americans?
6. Reporting requirements in Portugal.
The free webinar will be held on Thursday, 20 February, at 4:00 PM Portugal.