Created in 2009, the tax regime for Non-Habitual Residents (NHR), allows retirees who receive pensions paid by another country, the possibility to enjoy exemption from the payment of IRS in Portugal, as long as there is a Double Taxation Agreement who gives the country of residence (Portugal) the right to tax the pensions. The Non-Habitual … Read More
For a non-resident in Portugal, there are different laws than those applied to residents. Specially when we look at taxation and its implied processes. Know who the Portuguese Tax Law considers a non-resident in Portugal and learn about your rights and duties, here.
Portuguese Golden Residence Permit Program offers even better conditions!
As it is already known, this special residence permit, also called Golden Visa, will be offered to investors, who fulfill certain conditions. Under those conditions were to make at least one of the following investments: a) Capital transfer with a value equal to or above 1 million Euros b) The creation of, at least, 30 … Read More
How to get the “Golden Visa” in Portugal?
How to get the “Golden Visa” in Portugal? The application for the residence permit should be handed in within 90 days counting from the applicant´s first entry into the country, whilst the investment must have been made at the time the application is submitted and must be maintained for a minimum period of five years … Read More
Did you know about the Portuguese Golden Residence Permit Program?
Did you know about the Portuguese Golden Residence Permit Program? Now, non-EU citizens can look forward to fast-track immigration to Portugal, thanks to this new program. This special residence permit, also called Golden Visa, will be offered to investors, who fulfill certain conditions. In order to enter this program, the minimum quantitative requirements imply, at … Read More
Who can apply for the Non-Habitual Resident status?
This new regime is aimed at non-resident taxpayers, wishing to establish permanent or temporary residence in Portugal. To acquire the non-habitual resident status, taxpayers must become resident for tax purposes in Portuguese territory and must provide evidence that they haven´t been taxed as residents during the five years prior to the application. Accordingly, taxpayers … Read More
What is the tax regime for non-habitual residents in Portugal?
The Portuguese government approved a new tax regime for non-habitual residents, as an incentive to attract foreign investors and highly skilled professionals as well as people having considerable net worth. The income of non-habitual residents may thus not be subject to taxation, if applicable, or benefit from a flat tax rate of 20%, when … Read More
Taxation of non-residents in Portugal
The income tax (Imposto sobre o Rendimento das Pessoas Singulares – IRS) falls upon the whole income of the resident taxpayer in Portugal. Earnings coming from abroad must be considered as well. According to the portuguese law, the taxation system relies on the universal principle. The earnings are grouped into categories, which are subject … Read More
Tax obligations for non-residents in Portugal
When buying or selling a property in Portugal as a non-resident, the following obligations have to be fulfilled: 1- Apply for a Tax Identification Number at the local tax office, and for the spouse in case of being married. 2- Payment of the IMT (property transfer tax). 3- Annual payment of the IMI (municipal property … Read More