Poging GOUD - Vrij
NPS annuity tax rules for Indian expats
Mint Hyderabad
|February 04, 2025
I had applied to secure a Portugal Golden Visa with my children's education in mind. I was granted one recently and now live in Portugal, where I have my own business.
Since I'm still an Indian citizen, how will my National Pension System (NPS) annuity be taxed in India? Will it change if I apply for and obtain Portuguese citizenship in the future?
-Name withheld on request
You have not mentioned your period of stay, but assuming you have become a non-resident Indian and a resident of Portugal as you run a business there. I also assume that you do not spend more than the specified threshold period (120 days/182 days) on your visits to India, and therefore do not become a resident under Indian income tax law.
Dit verhaal komt uit de February 04, 2025-editie van Mint Hyderabad.
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