Common Reporting Standards (CRS)
During the last year, much has been said about the automatic exchange of financial information. You may have heard the topic Common Reporting Standard, or CRS, mentioned many times and
Automatic IRS reporting
Starting in 2017, the Portuguese tax authority (AT) is making available automatic IRS reporting to over one million taxpayers in Portugal. The change is part of “Simplex”, a programme designed
Look beyond property to unlock investment potential
For many people, investing in bricks and mortar by buying second or subsequent homes makes financial sense. Property is a solid, reliable investment that holds its value, right? Yes, and
EUR weekly update
A reversal of fortunes saw the euro move close to the front of the field, two thirds of a cent behind the US dollar, while the pound lost two euro
|| IRS 2016 – Taxation of income – nº 3: Income from capital – Bank interest (Category E)
Income is reported in different categories: A) Salaries B) Sole traders E) Capital F) Property G) Capital Gains H) Pensions – and is taxable in Portugal regardless of its origin.
Is 2017 the year of higher taxes for property owners in Portugal?
If you own property in Portugal, or are thinking about buying a home here, you could be affected by new tax rules for 2017. This year has seen the introduction
EUR weekly update
Most of the economic data from Euroland either beat forecast, were an improvement on the previous month or both. Among the provisional purchasing managers’ index readings, which measure the vigour
EUR weekly update
Less than a fifth of a cent separated the euro from the week’s joint losers, the US dollar and the pound. The single currency fell by an average of -0.5%
How are your savings protected?
When you have worked hard to build up your savings, it is important to understand what level of protection you will receive in the event the financial institution is unable
IRS 2016 – Taxation of Income | nº 2: Sole traders (Category B)
Income is reported in different categories: A) Salaries, B) Sole Traders, E) Capital, F) Property, G) Capital Gains and H) Pensions and is taxable in Portugal regardless of its origin.










