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Portugal is making significant tax policy changes to support young professionals, aiming to curb emigration and provide financial incentives for early career stability. The updated Young IRS tax regime offers an expanded, long-term tax benefit, reflecting a decade of reductions aimed at those under 35. What’s New in 2024? Age and Duration Expansion: Previously, the…

In the Portuguese tax context, the allocation of business assets to personal property is a relevant topic for freelancers and expatriates engaged in business activities. Recently, a decision by the Southern Central Administrative Court (TCAS) shed light on the taxation of Category B IRS income in cases where business assets are transferred to personal property.…

Although tax season may seem far away, preparing in advance can have a big impact on your tax refund next year! Many Portuguese taxpayers only start thinking about deductions when it’s time to file, missing out on potential savings. To maximize your 2025 refund, here are some smart steps to take before the year ends:…

Portugal offers a range of visa options for those looking to live in the country, whether temporarily or permanently. From retirees to students, entrepreneurs to skilled workers, there’s a visa category to fit your needs. Below, we break down the main visa types and who they are intended for. 1. D7 Visa – Passive Income…

1. Background The goal of international double taxation relief measures is to eliminate barriers to cross-border investment and international trade, which are crucial in today’s global economic landscape, particularly with the digital economy, technological advancement, increased globalization, and the free movement of people and goods within the European Union (EU). These measures play a critical…

Portugal has become an increasingly attractive destination for Americans looking to relocate. Whether you’re drawn by the idea of a relaxed lifestyle, a warm climate, or affordable living, Portugal offers a great environment for retirees, digital nomads, and families. It’s important to plan carefully before making the move. Here’s everything you need to know to…

The Non-Habitual Resident (NHR) regime in Portugal has been a popular option for foreign professionals, freelancers, and retirees looking for tax benefits. Recent changes in Portuguese tax law, particularly in Article 236.º, introduce new rules that will affect those already under the NHR regime and those considering applying. Here’s a simple guide to what these…

Moving to Portugal and unsure about how the local tax system works, especially if you’re self-employed? Here’s a quick overview that might help: Portugal operates under a simplified tax regime for self-employed individuals and small businesses, which calculates taxable income based on specific coefficients depending on your type of activity. For example: If you’re moving…