Just under a two-hour flight from Lisbon, Portugal’s Madeira Island was named the “World’s Leading Island Destination” by World Travel Awards in both 2015 and 2016. This archipelago’s primary island is one of the few in the world offering both the zest and vibe of...
Personal Income Tax
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Changes to the UK European Health Insurance (EHIC) Card
Introduction Following the UK's departure from the European Union on 31 January 2020, the UK Government decided to modify the graphic design of the current European Health Insurance Card (EHIC) to reflect its new status. As decided in the Withdrawal Agreement, EHIC...
NHR Regime – Update of Procedures
Following the publishing of the new list of “high value added activities” applicable to non-habitual residents (NHR) that register from 2020 onward, the Portuguese Tax Authority (AT) has decided to change the way which it controls how the high value added activities...
Madeira’s Your Brexit Opportunity
Why Madeira is your Brexit Opportunity? 1 - Low Taxes Today more than 10% of Madeira’s International Business Centre (MIBC) are of British origin, operating in one of Europe’s most tax-efficient and tax compliant jurisdictions. Approved the tax benefits were approved...
Implications of Tax Residency
Definition of Tax Residency Generally, a taxpayer is considered to be a tax resident in Portugal if he remains more than 183 days. This counting refers to any period of 12 months beginning or ending in the year in question. One is also resident if he/she owns housing...
A Land of (tax) Opportunities
A leading destination for all ages, Portugal is asserting itself as a major start-up destination in Europe, and with that hundreds of techies are willing to relocate to Europe's oldest country. But it is not just the Web Summit's new capital, Lisbon, who's attracting...