Automatic tax benefits
On September 20, 2024, the Portuguese Tax and Customs Authority unveiled its business plan for 2024, highlighting one key objective
Taxation
International double taxation in Portugal
tax issues linked to international double taxation are becoming increasingly important for investors and companies operating on a global scale.
IFICI+(RNH), back in Portugal
In 2023, António Costa (PS) decided to put an end to the Tax Regime for Non-Habitual Residents (RNH), arguing that this advantage no longer served any purpose.
RNH: Transition period, how does it work?
The French Finance Act for 2024 set the end of the special Non-Habitual Resident (RNH) regime on January 1, 2024.
Extraordinary contribution on local accommodation
Law no. 56/2023 of October 6 instituted the Extraordinary Contribution on Local Accommodation, regulated by decree no. 455-E/2023 of December 29, as part of the "Mais-Habitação" program.
RCBE: New rules and obligations in Portugal
A recent publication of Ordinance n.º 233/2018, dated August 21, 2018, has clarified and specified the provisions of the Legal Regime of the Central Register of Beneficial Owners (RCBE).
OE2024 tax proposals
Every year, the government presents its Finance Bill for the coming year to the House of Representatives. In Portugal, the debate and vote take place around October 30 and 31.
Portugal is the end of RNH
The "non-resident tax regime", which gives pensioners and foreign workers a cap on their income tax, will end in 2024, said Mr. Costa, for whom "it no longer makes sense.
Teleworking in Portugal
In 2022, changes were made to labor legislation as part of the "Agenda du Travail", which came into force on May 1, 2022, bringing new features for teleworking.
The ITM exemption scheme for the acquisition of real estate for resale
The 2023 State Finance Act (OE 2023) has modified the assumptions for granting the ITM exemption on the acquisition of goods for resale.
Criteria for determining tax residence
The criteria for determining tax residency are of crucial importance in the field of international taxation.
Mais Habitação Program: Lease and Local Housing
The Portuguese government has published a proposal for measures to modify the legal regimes for local housing and property rental
Tourist rentals, Portugal proposes a new tax
The Portuguese government has proposed a new extraordinary contribution on tourist rental properties (AL) as part of its housing program.
Real estate acquisitions with cryptocurrencies in Portugal
The Order of Notaries in Portugal has announced that it will publish an internal regulation aimed at overseeing real estate acquisitions made using crypto-currencies, in cases where their conversion into legal tender does not take place.
It's official. Government puts an end to Golden Visa
This measure, which puts an end to the granting of new "Golden Visas", is part of the pillar of the fight against money laundering.
New IRS taxation of income from cryptocurrencies
With the state budget for 2023, the government intends to move forward with a framework for taxing income from cryptoassets,
Registration of companies operating with virtual assets
On January 24, 2023, the Bank of Portugal published a notice regulating virtual assets in the context of money laundering and terrorist financing.
State Budget 2023: Tax Amendments
Through this account, we cover all categories, be it cryptocurrency, household income, social security, corporate, IVA, real estate, etc.
New cryptocurrency taxation in the 2023 state budget
The amendments included in the State Budget Bill 2023 aim to close the legal gap in the scope of taxation of cryptocurrencies in Portugal, promoting a new tax framework, particularly in terms of the IRS.
Why Portugal
For more than 10 years, Portugal has been adopting a series of tax measures to strengthen its competitiveness and encourage foreign investment. To this end, in recent years Portugal has adopted a reform of personal income tax
Taxation of digital token income in Portugal
As you know, Portugal does not currently have a specific tax regime for income from investments in digital tokens (cryptocurrencies, NFTs, etc.).
Tax benefits of the Madeira free zone
The European Commission's decision on the aid scheme granted to companies in Madeira's free zone - scheme III, which considers that the aid was granted illegally
Taxation on cryptocurrency coming soon in Portugal
Last week the Portuguese Minister of Finance, Mr. Medina, announced during the debate linked to the draft state budget for 2022 (OE2022), that he promised to make changes to the taxation of cryptocurrency
Supreme Court rules on local accommodation in Portugal
After two different rulings by the Lisbon and Porto Courts of Appeal, the Supreme Court of Justice has decided to unify the case law and the impossibility of local accommodation coexisting, in the same buildings, with permanent housing.
The government puts an end to Autovoucher and replaces it with a reduction in ISP
The Autovoucher, a 20-euro subsidy paid by the government to families to offset rising fuel prices, ends at the end of the month and will be replaced by a more aggressive tax reduction measure.
Portugal, launches ATGO an application for the self-employed
The French tax authorities have announced the launch of a new application for self-employed people who have opted for simplified accounting. It is called "ATGO".
Portuguese social security: how benefits work
In this article, you'll find out how much the social insertion income is, what the rules are for paying sickness, maternity and paternity benefits, and above all how these benefits are calculated.
Portugal has the 3rd highest public debt in Europe
In the third quarter of 2021, Portugal recorded a public debt ratio of 130.5 % of gross domestic product (GDP). As a result, Portugal ranks as the third country with the highest debt in the European Union.
Family support moved up a week
r, was decreed due to the worsening epidemiological situation in Portugal.
Telework: New rules kick in on eve of lockdown week
In accordance with the December 1 directive, the new rules go into effect on January 1, 2022, just one day before the mandatory containment week, during which telecommuting is mandatory.
Portuguese minimum wage to rise to 705 euros in January
The Portuguese government today approved an increase in the country's minimum wage to 705 euros, with effect from January 1, 2022. The government also approved support for companies to carry out these increases, the executive told... Read More "Portuguese minimum wage to rise to 705 euros in January
Portugal is one of the most dangerous EU countries for foreign retirees
Portugal's regime for foreign pensioners, which allows a personal income tax (PIT) rate of 10 %, is one of the most damaging to tax competition in the European Union (EU), reveals a... Read More "Portugal is one of the most dangerous EU countries for foreign retirees
Portugal's 2022 state budget rejected by opposition
It is a real blow that the government is going through at the moment. Indeed yesterday the state budget 2022 was rejected by the opposition and therefore not voted. The consequences of its heavy and forces the President of the Republic to dissolve the government.
OE2022, IRS reform for youth
The State Budget proposal for 2022 introduces several reforms to the IRS for Young People (IRS Jovem), providing that it will be granted automatically, that it will cover income from self-employment and that it will be applied for five years instead of the three years initially planned when the measure was launched.
Portuguese government budget 2022 in 10 points
The Portuguese economy should return to pre-pandemic wealth in 2022, with an expansion of 5.5 % helping to reduce the budget deficit to 3.2 % of GDP and the public debt ratio to 122.8 %.
Portugal's minimum wage should reach 705 euros
If this information is confirmed, the nominal increase in the Portuguese minimum wage would be the biggest since 1993 and the highest in 10 years.
The support to companies in Portugal is maintained
Companies with billing losses equal to or greater than 25 % can continue to access recovery assistance until the end of the month in which pandemic-related activity restrictions apply.
A bug in the computer system of the financial services concerning the IRS
A bug in the finance department's computer system meant that values declared by Category B taxpayers with organized accounting were not taken into account, reports the [Jornal de Negócios].
How to close your business in Portugal
IF starting a business in Portugal or in any other country is a relatively easy decision to make. Closing a business in Portugal is a difficult decision and requires the completion of a few steps.
How to declare the sale of your house in Portugal
If you sold a home in 2020, you'll need to report it to the IRS, so the tax authorities can determine whether your [capital gain is taxable].
Cryptocurrency in Portugal
More and more of you are interested in the taxation of cryptocurrency in Portugal. Portugal, which has been experiencing a boom in tourism for years, but also of foreign people coming to settle there fiscally to benefit from the status of non-habitual resident (RNH).
IRS refunds to be faster in 2021
Secretary of State for Tax Affairs António Mendonça Mendes said in an interview with Lusa that it is "expected" that IRS refunds will begin to be processed earlier this year.
IRS 2021, remember to validate your invoices
The IRS declaration for people receiving income on Portuguese soil is coming. For this purpose you have until February 25 to validate your invoices in order to benefit from the related tax advantages.
Applying for commercial rental assistance
Applications for non-refundable assistance for commercial rents will open this Thursday, February 4, and payments should start reaching businesses in the second half of February.
Regressar program, extended to 2023
The regressar program, which aims to bring back to Portugal. People who have , just been extended.
Budget 2021, what the Portuguese government plans
If the 2021 budget passes in state, next year could bring new social support, wage and pension increases, and relief from the IRS.
Self-employed in Portugal, how to start your business
You are about to start your new activity as an auto-entrepreneur in Portugal, however, before you can invoice your clients, there is a mandatory step that must be done in order to be in compliance with the law and the financial services.
Self-employed, social security extends support
Social Security announced to open an extraordinary period for applications for support related to Covid -19 for self-employed and members of statutory bodies.
The principles of double taxation
International double taxation is one of the main obstacles to cross-border trade and investment, and to the free movement of people, goods, services and capital within the European Union.
Self-employed contractor the quarterly declaration is to be made
Self-employed entrepreneurs, must proceed by the end of the month to their tax return related to the month of April, May and June of this year.
