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In 2024, local accommodation establishments must pay a new tax called the "Extraordinary Contribution on Local Accommodation [alojamento local]" (CEAL). As part of the "Mais Habitação" programme (Law no. 56/2023, of 06/10), which introduced several legal changes to...
Portugal's taxes for expats will be changing very soon. Therefore, one such challenge is understanding and navigating your new home’s tax system. For expats in Portugal, it is essential to have a clear understanding of your tax liabilities to ensure compliance with...
Introduction to the NHR Regime Portugal's non-habitual resident (NHR) tax regime has long been a popular choice for individuals looking to benefit from favourable tax incentives. However, recent developments have led to significant changes in the regime, with the...
Are you considering setting up a business in Portugal? Look no further. This comprehensive guide will walk you through all the essential steps, legal requirements, and cultural nuances you need to know to establish your company in this vibrant European country...
Picture this: you've recently moved to Madeira, excited about the opportunities and lifestyle that await you. However, amidst the excitement, you realize that managing your finances in a new country with unfamiliar tax and succession regimes can be challenging. This...
Madeira Island has emerged as a burgeoning hub in the dynamic world of cryptocurrency, attracting a global audience for its unique business opportunities. However, for crypto trading and exchange companies, navigating the landscape involves understanding the interplay...
Decoding Expat Tax in Madeira: Tax Consultant vs. Tax Advisor - Which Do You Need? In the idyllic setting of Madeira Island, expats face a crucial decision impacting their financial health: choosing between a Tax Consultant and a Tax Advisor. This choice is more than...
The NHR, as it has been understood for several years, is set to expire on December 31, 2023. In its place, a new regime will take effect on January 1, 2024 (with some stakeholders already calling it "NHR 2.0", "the New NHR"), which will mirror the majority of the...
Following up on previous communication regarding the proposed cancellation of the Non-Habitual Resident (NHR) program by the Portuguese Government in FY2024, we have obtained some critical insights upon the presentation of the State Budget Bill for FY2024 by the...
Are you considering starting a company in Portugal? With its favourable business environment and strategic location, Portugal has become an attractive jurisdiction for entrepreneurs and investors. Establishing a company in Portugal can be straightforward if you follow...