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Register your business activity with the Tax Authorities is the first step. The Simplified Regime has an enormous adherence by Freelancers since many pay their taxes through this regime which is the simplest and cost-effective, with an assessment based on a fixed percentage, depending of the activity and income received.
After being registered with the Tax Authorities you may start to invoice. In Portugal, mandatory invoices must be issued within the deadline, this can be made on line or with an invoicing software.
In Portugal, newly established freelancers are entitled to 12 months exemption of monthly Social Security contributions. Monthly contributions are obligatory for all Freelancers, except for Local Lodging activities. This way the freelancer guarantees stability and continuity over the course of the contribution career to assure future pension entitlements as well as other social benefits associated with occurrences of unemployment or illness.
Portugal published in 2014 a specific legislation for those that wish to rent their properties to tourists. A business activity must be registered with the Tax Authorities and a License with the Tourism of Portugal Department and Local Council must be requested.
To be compliant with the authorities TaxTeam Consulting offers you a Plan to help you with the necessary fiscal requirements such as: Reporting the income to the Tax Authorities, Bookkeeping, Fiscal Representation, VAT returns etc, to be taxed at the lowest tax rate of 8,75% and help you to be 100% compliant with the Portuguese Authorities this way you can focus on what really matters to you: your peace of mind.
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A high degree of knowledge, affordable pricing, rapid response to any question on tax and A.L. and last but not least friendly and always correct. So, highly recommended !
I am very happy with TaxTeam Consulting guidance etc, Re moving to Portugal and my Taxes
Thank you for your patience and all the additional explanations and details whenever I have needed them. The Portuguese regulations are very different to those in the uk but you make it much more simpler for me to understand with your supporting. Thank you
We are very satisfied with the service! We are very happy to find Tax team consulting, they have a lot of knowledge and experience, and for us very important; they are pro-active. We don't know all the tax rules, so we really need to have a good accountant! A good accountant is a must for running an economic activity!
We have worked with Paula for years and immediately followed her to TaxTeam. The team offers rapid service & response, extremely knowledgeable in all matters, always helpful and patient in explanations, charming and friendly. Highly recommend.
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