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If one is considering settling in Madeira Island, or already settling as a resident, then one must hire an accountant in Madeira. Did you know that you might be liable to tax reporting obligations and potentially tax patients as a legal resident? 1. Obtaining tax...
Do Expats Pay Taxes in Portugal? This is a question many expats moving to the country ask themselves and their tax advisors when relocating to the country or its Autonomous Region of Madeira. The answer to the question "Do Expats Pay Taxes in Portugal?", couldn't be...
Under Portuguese Tax Law (applicable to the Autonomous Region of Madeira), one is required to appoint a tax representative when registering as a non-tax resident in Portuguese territory by indicating a residence in a country that is not a member of the European Union...
Generally speaking, those qualifying as residents, for tax purposes, in the Autonomous Region of Madeira (or any part of Portugal) are entitled to tax deductions based on some of the expenses they incurred and provided the invoices concerning these expenses hold their...
Capital Gains Tax in Portugal: How does it work? Capital gains are taxed differently in Portugal, depending on how they are created and the taxpayer’s tax residence status. The following is a broad overview of the country’s current capital gains taxes regime....