Accounting and Taxation

• Do you need to understand the tax implications of becoming a tax resident in Portugal? Are you currently a tax resident in Portugal and uncertain about your situation?
• Book a consultation with us for answers. Our experts guide you through local tax laws, ensuring compliance and maximizing benefits

Our accounting plans cover passing invoices, submitting VAT and social security declarations, filling annual tax declarations, and more. With our expertise, you can trust that your financial records are in order and compliant while saving your precious time.

We support clients with every related to the Non-Habitual Residency (NHR), a program that offers a highly favorable tax regime for those relocating to the country, extending over a 10-year period.

In 2024, you can still apply for the NHR if you can demonstrate that you initiated the planning process last year. This can be achieved through:

1. Promise or employment contract, promise or secondment agreement concluded by December 31, 2023, whose performance of duties is intended to take place in national territory;
2. Lease agreement or other contract granting the use or possession of property in Portuguese territory concluded by October 10, 2023;
3. Reservation contract or promise-to-purchase contract for the acquisition of a real right over property in Portuguese territory concluded by October 10, 2023;
4. Enrollment or registration for dependents in an educational institution located in Portuguese territory, completed by October 10, 2023;
5. Residence visa or residence permit valid until December 31, 2023;
6. Procedure initiated by December 31, 2023, for the granting of a residence visa or residence permit, with the competent authorities, in accordance with the current immigration legislation, namely through scheduling the appointment or effective scheduling for the submission of the application for the granting of the residence visa or residence permit, or still, through the submission of the application for the granting of the residence visa or residence permit.

• NHR is ending but there are still tax benefits. While the new highly qualified list has become more selective, there is still an opportunity for individuals whose occupations are linked to research, college education, innovative start-ups, and similar fields to potentially benefit from the 20% flat tax rate.
• Talk with us and find out if you would qualify.

• Preparing and filing personal income tax returns in accordance with Portuguese tax laws, ensuring all deductions and credits are properly claimed.
• Please be aware that, even if you do not qualify as a tax resident in the country, you may still be required to submit a tax declaration here.

• Advising on double taxation treaties between Portugal and the individual’s home country, ensuring that foreign income is not taxed twice.
• Explore the synergies that arise from the intersection of the Non-Habitual Residency (NHR) program and Double Tax Treaties.

Assisting with planning for wealth tax, such as the Portuguese stamp duty on real estate properties and other assets.

Providing guidance on the Portuguese inheritance and gift tax regime, and helping to minimize the tax burden on assets transferred to beneficiaries.

Providing guidance on the tax implications associated with the acquisition, sale, or rental of real estate properties in Portugal.

Are you contemplating the purchase of a home for personal use?

Exploring the idea of acquiring an investment property for rental purposes?

Considering converting a property into a short-term rental?

In need of property management services?

Learn about the applicable taxation aspects for each scenario.

Providing tax-efficient strategies for foreign individuals planning to retire in Portugal, including pension and social security taxation matters.

Assisting with the formation and tax-efficient structuring of businesses, such as sole proprietorships, partnerships, or corporations.

Providing guidance on the application of VAT and other indirect taxes on goods and services, and assisting with compliance requirement.

Representing the individual in tax disputes with the Portuguese tax authorities and negotiating settlements where necessary.

Advising on tax-efficient strategies for managing investments, business operations, and other financial activities across multiple jurisdictions.

Assisting individuals who are leaving Portugal with tax planning and compliance matters to ensure a smooth transition to their new tax jurisdiction

Advising on estate planning strategies that take into account the tax implications of holding assets in multiple countries.

Providing ongoing tax advice and updates on changes in Portuguese tax laws and regulations, ensuring the individual remains in compliance and can adapt to new requirements.