Donation of 0.5% of your tax bill to charitable associations.
The Portuguese Tax Law allows for a charitable donation of 0.5% of your yearly tax bill, to benefit Portuguese charitable associations. There are over 5000 eligible associations as per the tax office (Finanças) list. This ...
PROPERTY TRANSFER TAX (IMT)
As part of its upcoming fiscal package, the Portuguese government has announced plans to increase property transfer tax (IMT) for non-residents. This move is intended to address the country’s worsening housing crisis by discouraging speculative ...
FINAL CALL FOR AL OWNERS – Submitting Insurance Documents!
The Local Accommodation Association in Portugal (ALEP) has raised concerns as several councils prepare to notify operators who haven’t submitted mandatory insurance documents for local accommodations (AL), a requirement enforced since a 2024 law amendment. ...
IUC – CAR TAX – CHANGES for 2026
Until now, the IUC Car Tax in Portugal was due annually by the last day of the month in which the vehicle was registered. For instance, if your car was registered in January 2007, the ...
Raoul Ruiz Martinez leaves Eurofinesco
Eurofinesco is sad to announce that Raoul Ruiz Martinez is no longer part of our company. After over a decade working for Eurofinesco and a valued member of our team, Raoul has decided to focus ...
NHR – The End of the Non Habitual Residency Program
The end is near for the 10 year tax benefit offered by the NHR status, first launched in 2009. This program alone is responsible for thousands of foreign nationals relocating to Portugal since its implementation. ...
EuroFinesco announces the retirement of Ursula Hahn and closing of Funchal office
Ursula has been our representative in Madeira for 15 years. She has decided to retire and enjoy the wonderful Madeiran life. We are saddened; however, greatly appreciative of her years of dedication and wish her ...
Tax Season coming up – IRS 2024 – Procedures -no. 4: Your IRS Declaration
The tax year corresponds to the calendar year (01 Jan - 31 Dec). Fiscal Residents must submit tax returns by the following deadlines to avoid penalties. For the current fiscal year, declare between 01 April ...
Tax Season coming up – IRS 2023 – Procedures -no. 3: Non-Habitual Residents
The tax regime for non-habitual residents is intended to attract to Portugal certain qualified individuals and investments which may give rise to tax saving opportunities for expatriates. The Non-Habitual Residence special tax regime has the ...
Tax Season coming up – IRS 2024 – Procedures -no. 2: Non-Residents
Non-Residents are taxable on income and gains arising in Portugal. When the paying entities are resident or assets located within or services performed in Portugal, then the following examples of income would need to be ...
Tax season coming up – IRS 2024 – Procedures – nº 1: Residents
Tax season is running from 1 April to 30 June. If you spent more than 183 days in Portugal in 2024, you have to deliver a tax declaration to the State. Here is what to ...