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As per the 2024 Budget the NHR tax regime – Europe’s most successful tax regime in Europe for the last 10 years – was revoked from 1 January 2024 onwards, but with a special grandfathering regime, described below.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
Last Call for UK citizens relocating to Portugal under the EU Regime!
UK citizens have until the 31 of December 2020 to relocate to Portugal under the current rules and establish residence in Portugal. UK nationals relocating to Portugal within the Brexit transition period will be granted: A Certificate of Residence valid for five years, keeping the freedom of movement within the Schengen Area; Eligibility to apply for …. 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