Redomiciliation rewards
When a company redomiciles to Portugal, no assets are transferred: no crystallisation of Capital Gains, no “IMT” (Property Transfer Tax) and no Stamp Duty on Real Property. No chargeable events
An introduction to forced (protected) heirship – Part 2
Mitigating forced heirship rules The application of forced heirship rules depends on the laws of each jurisdiction. Some techniques may alleviate the impact of forced heirship rules. Professional advice should
An introduction to forced (protected) heirship – Part 1
What is forced heirship? In many Common Law jurisdictions, testators enjoy full freedom to leave their assets to whomever they wish. However, in other countries, this is not the case.
IRS 2018 – nº7: Taxable Income
Individual Taxable Income Declarations may be submitted in person at the local tax office (Repartição de Finanças), by post or over the internet. In all cases, the central reporting form,
Property evaluations: your VPT in 2019
The VPT of your property is not directly related to construction costs or its market value (except for the soon-to-be-overhauled location coefficient). The property evaluation system (Valor Patrimonial Tributário, or
2019 social security reform
Once again, Social Security has become the object of significant change. The following are the highlights of the legislative updates to Social Security that freelancers will need to take into
IRS 2018 Procedures – nº6 – Filing status
Single, widowed and divorced taxpayers submit an individual return. Couples should also file an individual declaration but may elect to report jointly. Separated couples who are not divorced should each
IRS 2018 Procedures – nº 5 – Automatic IRS reporting
The Portuguese Tax Authority (AT) is making available automatic IRS reporting to millions of taxpayers in Portugal. The change is part of “Simplex”, a programme designed to reduce bureaucracy at
IRS 2018 Procedures – nº 4: Your “IRS” Declaration
Filing dates The tax year corresponds to the calendar year (January 1 – December 31). Fiscal residents must submit tax returns by the following deadlines to avoid penalties. For the
IRS 2018 Procedures – nº3: Non-Habitual Residents
Regime for Non-Habitual Residents The tax regime for non-habitual residents is intended to attract to Portugal certain qualified individuals and investments which may give rise to tax-saving opportunities for expatriates.