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TaxTeam Consulting offers you Tax advisement to get the right step in Portugal, highlighting the important aspects, essential to be compliant. We are well aware that it is very easy to get lost in the bureaucracy, so we will be by your side to guide you. Each client have a different life, have different fiscal situation, our team has 10 years of experience, focused on helping expats when moving to Portugal. Perhaps you are a digital nomad who wishes to offer freelance services while enjoying the riches of Portugal or someone who wishes to maximize the investment made in a property through Alojamento Local or just wish to retire in this amazing country. We stand by your side so you may focus on what really matters to you: your peace of mind.
If you wish to become a Freelancer or Independent worker in Portugal, you need to register your business activity with the Portuguese Tax authorities, we will help you to get started. 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.
The Non-Habitual Residency programme have been attracting many foreigners, especially pensioners because of the 10-year tax-free exemption that were applied till March 2020, from April 2020 the Tax Rate increased to 10% and freelancers with scientific, artist or technical activities (professions that usually require an advanced degree of qualification) with a 20% flat rate. From now Specific registration is required to be granted with this special regime, TaxTeam Consulting can help you with this registration and advise the exemptions that will apply.
As resident you need to declare your worldwide income in Portugal, as well if you rent your property trough short term or long term lettings as non-resident, we can help you with this submission and make sure that your annual tax return is submitted within the deadline and be compliant with the Tax Authorities. If you sell your Portuguese property Capital Gain Tax declaration must be submitted on the following year of the sale, we normally advise to get the necessary information before the sale, only this way you will be aware of what the legislation allow you to reduce your tax liability.
Do you wish to maximize the investment you made on your property and start renting to tourists? To be compliant with the authorities TaxTeam Consulting offers you a Plan to help you with the necessary fiscal requirements 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.
Non-EU citizens with a Portuguese fiscal number, must appoint a Fiscal Representative in Portugal to comply with the law.
If you are EU citizen in Portugal or If you are going to be away from the country, we advise to have a Fiscal Representative in Portugal which is, in practice, a formal link between the Tax Authorities and the non-resident.
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.