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Portugal, and the Autonomous Region of Madeira, are popular destinations among expats due to the Non-Habitual Resident Tax scheme. Access to the 10-year tax holiday entails fulfilling certain requirements from an immigration and income structure standpoint. 1. You...
When selling real estate property in Portugal, including Madeira Island, it is possible to avoid capital gains tax, provided some conditions are met. The most common route to avoid capital-gains tax Gains arising from the transfer of real estate destined for the...
How to move to Madeira (Portugal), the Pearl of the Atlantic? In this blog article, you will find the main steps you will need to take to ensure a smooth transition into island life. Below, we have compiled a list curated by our professionals for you to use as a...
In Portugal (including the Autonomous Region of Madeira), there are several expenditures associated with purchasing a real estate property, such as lawyer, notary and administrative fees; additionally, one will also face property taxes in Portugal, namely: municipal...
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...
Madeira has an island, and the outmost region of the European Union attracts expats who are willing to live and invest in Madeira. Given this tendency, due in part to many factors and the safe haven that the island was during the pandemic, we at MCS decided to launch...
In Portugal, a country viewed as a tax haven for investors in this industry, crypto-assets, including cryptocurrencies, will be subject to taxation. Current law does not allow for personal income tax to be levied on the sale of crypto-assets unless some conditions are...
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...
The Portuguese Tax Arbitration Court organised at the Administrative Arbitration Center (“Centro de Arbitragem Administrativa”) has issued a pioneer and landmark decision (Processo 684/2020-T) a regarding United States of America (US) nationals residing in Portugal...