Very possible.
Thanks for the link holling, it is very interesting to know.
Now let me expand further from my side.
2 quotes from:
http://www.pprune.org/forums/archive...27664-p-3.html
for FO's :
gross salary = 56500
- 8% of National Insurance tax to the UK
- 25% of income tax to Portugal
=> 56500 - 8% ~ 52000 €
52000 - 25% ~ 39000 € ~ 3250 € / month net salary
Then you can add extra days if you comply with (~250€/month) and per diem. But per diem are used to pay food, transportation to your gateway, ...etc.
For CPT, do the same calculation and you'll find ~ 5400€/month without per diem and extra days.
I suggest you contact the income tax department of your country to check if there is any agreement between Portugal and your country. In Europe, some countries have it and it is not necessary to pay other taxes in our own country. Northern countries don't seem to have these agreement
fred
erikv
23rd February 2007, 07:54
fred,
I believe the 25% and the 8% are both taken out of the basic sum of 56500.
NI: 8% of 56500 = 4520
Tax: 25% of 56500 = 14125
56500-4520-12125 = 37885, roughly 3150 per month.
Erik
Even if contracts are UK based you have to pay the Portuguese taxes of 25% because you are working for a carrier with a Portuguese AOC (except when you are employed by an agency that sells pilot services.)
The additional 8% will come close to offseting the eventual advantage of the 20 000€ tax-free system for UK students.