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. Residents Real-Estate Capital Gains Residents, for tax...
Digital nomads and expats in Madeira have been on the rise, the Island’s unique lifestyle and system of tax incentives being the two main driving forces behind the success program launched by the Madeira Regional Government. Currently, the Island offers a combination...
Bringing your car to Madeira as an EU-national An EU national moving to Madeira must register their car if one is the holder of the registration certificate, the owner of the vehicle, or a user of a vehicle one does not own (e.g. a family member). One can use your...
Portugal Crypto Tax Haven to end in 2023 The Assembly of the Republic approved a “new crypto asset taxation regime” with “the aim to create a broad and appropriate tax framework applicable to crypto assets, in terms of taxation of income and wealth” from FY2023...
The Portugal passive income visa (D7 Visa) requirements are several, as this type of visa allows foreign citizens who wish to reside in Portugal (either as retirees or living out of their income), regardless of age, the entrance in Portugal to obtain a residence...
Do you wonder why people invest in Madeira? Let’s start with the beginning: Madeira Island, Portugal, is just under a two-hour flight from Lisbon and has been consecutively voted the “World’s Leading Island Destination” by World Travel Awards. The principal island of...
Taxpayers in the Non-Habitual Resident (NHR) tax regime who choose to be taxed at the special 20% IRS rate cannot use education or health expenses (tax deductions) to lower the tax they have to pay. A taxpayer who has had NHR status since 2017 asked the Tax and...
Under the Madeira International Business Center (MIBC) regime, Company Incorporation in Madeira is an EU-approved solution that may benefit international companies operating across different jurisdictions. Under the MIBC regime, duly licensed companies are entitled to...
Preparing for a successful move to Madeira implies long-term planning and understanding of the implications of relocation. Our team of professionals has assisted many expats over the years. From experience, 90% of them do not plan their move to Madeira properly or...
The amendment to the Personal Income Tax (IRS) Code that the State Budget Law established for 2022 (no. 12/2022, of 27 June) makes it mandatory to aggregate income from capital gains on securities when the assets in question have been held for less than 365 days, and...