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 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
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
Portugal. Changes to the Golden Visa program.
Changes to the Golden Visa program are likely to be implemented until the end of 2020 meaning that as of 2021 it will no longer be available for people investing in property in the areas of Greater Lisbon, Porto and coastal regions. Starting next year, property investment as a vehicle to obtain a Golden Visa …. Read More
Why live in Portugal?
In terms of climate, Portugal’s winters are mild and summers are hot and dry. The number of hours of sunshine per year reaches values as high as 3300 in the south of the country and 1600 in the north, some of the highest in Europe. The Portuguese are gracious and friendly, welcoming all visitors regardless …. Read More
Get you Golden Visa in Portugal. Find how
The residence permit for investment (Golden Visa) enables third-country nationals to obtain a temporary residence permit for investment, with a long-stay visa exemption. The Golden Visa is a temporary residence permit valid for a period of 1 year, from the date it is issued and may be renewed for successive periods of 2 years, as …. Read More
Residence Permit for Passive Income Earners, Retirees or High Net-Worth Individual (D7)
The passive income visa (also known as “Type I Visa” or “D7 Visa”) is a residence permit that can be applied for by a third-country citizen who intends to relocate to Portugal and has a reasonable net regular passive income. The subsequent residence permit does not preclude the holder from having a professional activity in …. Read More
Tax residence and personal income tax in Portugal
What to expect: Resident individuals are liable to income tax on their worldwide income and non-residents on their Portugal-sourced income only. An individual is tax resident in Portugal for any year in which: (i) He stays in Portugal for more than 183 days (continuously or not) during a 12 month period, which begins or ends …. Read More