Here is what Net Jets supposively does. Pilots have British contract because the main headquarters(marketing, sales,
PR) is in London. Non British resident pilots do not pay taxes in U.K. except for 5% cpt. 9% fo. for national insurance. Non British resident pilots then pay 25% non resident tax in Portugal (because that is were the operations center is). Your own tax authority may then also add some tax on top of that. That depends on the country.
Has anybody heard of this before? Sound familiar?
Just asking here because I know that there are many Germans in Net Jets.
The NetJets case is different as far as i know. Since your fully taxed in Portugal the germans cannot get any income tax on your pay (double taxation treaty). However your pay from Netjets is gonna taken into account for any other income you might get additionally, like stock market income, house/appartment rents etc to put you in the right tax bracket. So of course you have to do the taxation forms (Steuererklärung) and since it is a bit more complicated than normal taxation you surely need a pretty good Steuerberater who routinely works with cross-border taxation issues.