The Portuguese bureaucracy can be challenging, and it is no different when it comes to taxation; that is why having a personal tax accountant in Portugal, and Madeira Island is vital to a successful relocation. This article will outline why having a personal tax...
Portugal Real Estate Capital Gains: What You Need to Know for 2023
Taxation on Portugal real estate capital gains on real estate are changing from 2023 onwards. Under the new rules introduced by the Portuguese State Budget for 2023: capital gains obtained by non-residents from the sale of real estate and on the onerous transfer of...
Portugal Non-Habitual Resident Tax: 5 Things you Need to Know About
Under Portugal's Non-Habitual Resident Tax scheme, many foreigners (and Portuguese) relocating to Portugal enjoy for a period of ten consecutive and non-renewable years a set of unique tax benefits and exemptions. Notwithstanding the above, there are five main things...
What are the Taxes in Portugal for Foreigners? Everything you Should Know
Taxes in Portugal for foreigners are, for many, a dream come true. In fact, under the Non-Habitual Resident (NHR), taxes in Portugal for foreigners are considerably lower. Those qualifying for the Non-Habitual Resident (NHR) regime qualify as residents for tax...
What is the Capital Gains Tax in Portugal for Non-habitual Resident?
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...
Is portugal a crypto tax haven? Complete Guide for 2023
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...
How to Apply for the Portugal Passive Income Visa in 2023?
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...
Why should you Invest in Madeira Island? 10 Main Reasons to do so
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...
Deductions: NHR status holders loose tax deductions
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...
Move to Madeira – A Plan
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 year. From experience, 90% of them do not plan their move to Madeira properly or fail...