Latest news and stories about tax benefits in legal in Portugal for expats and residents.
The Tax Authority (Autoridade Tributária e Aduaneira or AT) will restore benefits to taxpayers whose disability ratings were reviewed to below 60% before the end of 2023. This decision follows recent court rulings that challenged the progressive loss of tax benefits for individuals with disabilities.
The Tax Authority has clarified that while employee stock plans can qualify for reduced IRS taxation, eligibility is contingent upon rigorous documentation and strict adherence to regulatory requirements, with no advance confirmation provided.
The probability of taxpayers subject to the regime after January 1, 2024, being able to challenge the loss of tax benefits in court is low, experts say.
Cancer patients who lost their IRS tax benefits can now request a refund. The tax authority has reversed its decision and will reimburse taxpayers whose disability rating was reduced to below 60%.
In situations of unfavourable reassessment of the degree of disability, taxpayers retain the right to tax benefits, in line with the consolidated jurisprudence of the Supreme Administrative Court.
Filing your tax return is simpler today thanks to pre-filling and automatic tax processing, but that does not mean you are only paying the tax due. Small details can influence the final amount of your refund or the tax you have to pay. Before submitting your declaration, it is worth confirming some important information. In this guide, we have gathered several aspects that can help you avoid errors and make better use of deductions and tax benefits.
