PORTUGAL – ANNUAL TAX RETURN – 2023
FILING SEASON NOW OPEN UNTIL JUNE, 2024 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 …. Read More
PORTUGAL – NEW TAX REGIME FOR SCIENTIC RESEARCH AND INNOVATION
As per the 2024 Budget the NHR tax regime – Europe’s most successful tax regime in Europe for the last 10 years – was revoked from 1 January 2024 onwards, but with a special grandfathering regime, described below. Applicants who become tax resident of Portugal until December 31st, 2024, may still register for NHR, provided …. Read More
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
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
Portugal NHR Tax Regime – Best Tax Regime in Europe for individuals
This Information intends to present the Portuguese Non-Habitual Tax Regime (“NHR”) program, currently one of Europe’s best tax regime for HNWI and UHNWI providing a very favourable tax treatment for the first 10 years of residence. This Information contains information about the Portuguese Tax Regime, but under no circumstances does it represent legal advice, and …. Read More