Investing in rental properties is often viewed as a reliable source of passive income—but when you’re relocating to Portugal, the tax story becomes more complex. Many expatriates moving under the D7 visa are surprised to learn that Portugal does not recognize many of the same deductions allowed by the IRS. This can lead to an…

What Digital Trainers and Consultants Need to Know in 2025 Published by GoalSeek | March 2025Author: Rui Borges, CPA 84392, Senior Tax Consultant at GoalSeek As of March 24, 2025, Portugal has implemented Decree-Law No. 33/2025, updating VAT rules for digital service providers — especially for professionals offering online training, webinars, streaming content, and similar…

Portugal has officially taken a major step toward making tax compliance more efficient and user-friendly — particularly for expatriates, remote workers, and self-employed professionals. With the introduction of Decree-Law No. 49/2025, effective 1 July 2025, the Portuguese government aims to modernize its tax system and reduce the bureaucratic burden on individuals and small businesses. Whether…

On March 24, 2025, Decree-Law No. 35/2025 was published, bringing significant changes to the special VAT exemption scheme for small businesses in Portugal. This legislation partially transposes EU Directives 2020/285 and 2022/542, aiming to harmonize VAT rules across the European Union and reduce compliance burdens for micro and small enterprises. 📌 Key Highlights for Freelancers…

At GoalSeek, we closely monitor developments that affect expatriates and international professionals living in Portugal—especially those benefiting from the Non-Habitual Resident (NHR) regime. One recent informação vinculativa (binding ruling) issued by the Portuguese Tax Authority (Process 19986) sheds light on the treatment of lump-sum pension payments from abroad, specifically from Germany. This is a relevant…

When it comes to the taxation of Individual Retirement Accounts (IRAs) and Roth IRAs in Portugal, the applicable tax treatment depends on how the funds are received (periodic income vs. lump sum) and whether the contributions were taxed at the time of investment or upon withdrawal. This classification is guided by the Portuguese Código do…

Introduction For parents, education expenses represent a significant part of the family budget. However, the Portuguese IRS allows for certain education costs to be deducted, helping families recover a portion of these expenses. But which expenses qualify for deductions, and how can you ensure you take full advantage of them? How Much Can You Deduct?…

Investors receiving dividends in shares instead of cash must understand how these earnings are taxed under Portuguese law. A recent binding ruling (“Informação Vinculativa”) clarifies the taxation of dividends received in shares and their implications upon future sale. Key Points on Dividend Taxation in Portugal Dividends as Capital Income (Category E): Under Article 5(2)(h) of…

Tax compliance is a fundamental aspect of operating a business in Portugal. Failure to adhere to tax regulations can result in substantial fines and penalties, affecting both cash flow and operational stability. This article provides an overview of key tax infractions and the associated penalties under Portuguese tax law in 2024. 1. Late or Non-Filing…

1. Introduction The simplified IRS regime in Portugal is a tax framework designed for self-employed individuals and small businesses with annual gross revenues up to €200,000. It is a simplified alternative to the organized accounting system, offering reduced administrative obligations and predetermined expense deductions. 2. Eligibility Criteria To qualify for the simplified IRS regime, a…