How to buy a property in Portugal?
Sep 22, 2021 Legislation
When you find your dream property in Portugal, what should you expect and should you prepare for the purchase of your property? The first step should be clarifying the aspects of the purchase, regarding the price and what’s included in the deal, as well as require all legal documents to proceed from the vendor. Before buying a property in Portugal, each grantor needs to have a Portuguese fiscal number which is a tax identification number issued by the Portuguese tax authorities. If you’re married, your spouse also needs to issue that number whichever is the assets condition. Also note that this number will always identify you as a tax payer.
Tax delivery dates have changed. Meet the new deadlines for 2019
Oct 23, 2018 Legislation
According to the State Budget proposal for 2019 delivered on Monday in Parliament, there are new dates for the delivery of three tax: IRS, IRC and IMI. Starting with the IRS, taxpayers will have another month to file their tax return. The deadline is no longer May 31st know it extends to June 30th. This way taxpayers will have more time (ten days) until February the 25th to validate their invoices in the e-factura the finance portal. With the IRC tax there are also changes, the return of the declaration of income after cessation of activity is no longer obligatory 30 days after the company closes activity and becomes the last day of the third month following the end of the activity of the company. The change at the level of IMI, in the State Budget for 2019 determines that whenever the tax is greater than one hundred euros it can be paid in tranches, that is, in 2019, if the value is less than 100 euros, payment can be made a month later in May. For taxpayers who have to pay between 100 and 500 euros they can do so in two installments, in May and November. And finally, for amounts over 500 euros, the payment will be made in three installments, in the months of May, August and November.
In Portugal the Auto ID document (DUA) will have a new layout from August 1, 2019
Jun 20, 2019 Legislation
This measure makes the document simpler and more practical for citizens.
Government will create a passport for frequent traveller with braille stickers
Feb 21, 2018 Legislation
The Council of Ministers approved the February 2018 16 creating a frequent traveller passport, which will have the particularity of includes a sticker written in braille for the visually impaired citizens
AFTER BREXIT - Should Britain buyers be looking into the Golden Visa?
Sep 9, 2020 Legislation
Portugal’s Golden Visa scheme, which grants Portuguese citizenship to non-EU nationals, will soon be offered to British investors once the transition period of Brexit ends in January 2021. Until now, it hasn’t been clear whether UK residents have been eligible for the Portuguese Golden Visa, officially called the Residence Permit Programme, during the 11-month transition period of Brexit. While the UK officially left the EU at the beginning of the year, the country has remained bound to the EU’s rules, meaning it has still technically been ‘part of the club’. However, this possibility will cease to exist from January 1, 2021, meaning that British nationals should start considering ways to reside in the EU and benefit from border-free travel within the Schengen area.