PORTUGAL TO END THE NHR TAX REGIME IN 2023!
PORTUGAL ENDING THE NHR REGIME In an unexpected decision, Portugal’s Prime Minister announced this Monday in a TV broadcasted interview the intention to end the NHR tax regime as regards the new applications as from 2024 onwards. We should have more clarity on the actual details of the measure in the next week, when the Budget …. Read More
2022 Personal Income Tax Return – PORTUGAL
A correct preparation of the annual personal income tax return is crucial for a compliant and efficient tax position and it can be a highly complex process, namely due to the different options that can be taken in the tax return, the different regimes that may apply, such as the Non-Habitual Residents’ regime, as well …. Read More
PORTUGAL – THE END OF THE GOLDEN VISA – RESIDENCE PERMIT FOR INVESTMENT ACTIVITY.
THE END OF THE GOLDEN VISA. On the 16th of February 2023, the Portuguese Prime Minister announced a package of measures addressing housing, which includes closing the Golden Visa regime. For the avoidance of doubt, the proposed changes refer only to the Golden Visa regime (which is a residence permit open to non EU nationals) …. Read More
NEW RULES FOR THE TAXATION OF CRYPTO ASSETS PROPOSED
Following the Government’s presentation of the Budget proposal for 2023, the latter proposes the inclusion, for the first time ever, of specific rules aimed at clarifying the taxation of income deriving from crypto assets. Below is a brief highlight of the main changes proposed. Crypto assets defined – “Any digital representation of value or rights …. Read More
Have you sold property in Portugal? Do you know you can recover 50% of the tax paid?
Have you sold property in Portugal? Do you know you can recover 50% of the tax paid?
Last call for Portugal Golden Visa!!!
The demand for Golden Visas in Portugal in 2021, or Residence Permits for Investment (ARI), as they are officially called, is accelerating, a trend that should continue in the coming months, bearing in mind that in January 2022 foreign real estate investors (from outside the European Union) investing in the coast and metropolitan areas of …. Read More
UK Driving licenses to be exchanged in Portugal.
From 2021 driving licenses issued by the United Kingdom are considered third country licenses. Accordingly, Institute for Mobility and Transport (IMT) released new rules for UK driving licenses. The UK is treated in accordance with the legislation applicable to countries that conform to the International Road Traffic Conventions. This means that holders of UK licenses …. Read More
Changes to the Portuguese Golden Visa!
The Portuguese Government has published on the 12th of February the so waited new rules regarding the residence permit by investment (Decree-Law no. 14/2021 of 12th February), more commonly known as the Portuguese Golden Visa. These new rules will only enter into force on the 1st of January 2022. This is good news, as investors …. Read More
CHANGES IN THE PORTUGUESE NATIONALITY LAW. GET YOUR PORTUGUESE CITIZENSHIP!
On November 10, 2020, Organic Law No. 2/2020 was published, which introduces important changes to the Nationality Law (Law No. 37/81, of October 3). The changes introduced recently allows for children of foreigners born in Portugal, in which at least one of the parents legally resides here for at least one year, to become Portuguese …. Read More
D7 VISA – LIVING IN PORTUGAL.
It is not new to anyone that Portugal is considered one of the best destinations in Europe to live, either because of its warmer weather compared to other European countries, the possibilities of investment, better quality of life or its beautiful landscapes, Portugal has a relevant differential for those who want to relocate. If you …. Read More