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by Laurinda Abreu | Thursday, 21 July 2022 | Immigration, Personal Income Tax
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...
by Miguel Pinto-Correia | Monday, 18 July 2022 | Personal Income Tax
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...
by Rosana Rodrigues | Tuesday, 5 July 2022 | Personal Income Tax, Real Estate
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...
by Renato Gomes | Thursday, 2 June 2022 | Immigration, Investment, Personal Income Tax
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...
by Lília Caldeira | Wednesday, 1 June 2022 | Investment, Personal Income Tax, Real Estate
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...
by Laurinda Abreu | Wednesday, 1 June 2022 | Immigration, Personal Income 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...
by Miguel Pinto-Correia | Monday, 23 May 2022 | Immigration, Investment, Personal Income Tax, Real Estate
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...
by Ambrósio Jardim | Monday, 16 May 2022 | Cryptocurrency, Immigration, Investment, Personal Income Tax
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...
by Laurinda Abreu | Thursday, 12 May 2022 | Personal Income Tax
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...
by Laurinda Abreu | Wednesday, 11 May 2022 | Personal Income Tax
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...
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