Latest news and stories about tax benefits 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.
Single and divorced parents may be eligible for specific IRS tax benefits that can increase refunds or reduce tax liabilities, provided they meet certain criteria and follow necessary filing procedures.
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.
Text by PwC Portugal Despite the end of the Non-Habitual Resident regime, Portugal continues to have a very attractive tax environment for individuals, which includes a beneficial tax regime aimed The post Moving to Portugal appeared first on Portugal Resident.
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%.
The Portuguese League Against Cancer welcomed the tax benefits for cancer patients with a multi-purpose disability certificate, highlighting the restoration of justice for many who were disadvantaged.
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.
E-Fatura has new icons to validate invoices as cultural expenses. Those who have already validated them in another category can correct the classification.
Parliament rejected the creation of a public nursery network, but approved the potential creation of tax benefits for companies that wish to create them and the opening of spots under the PARES programme.
From direct payments to tax benefits or price support, environmentally harmful subsidies have the side effect of encouraging excessive resource consumption or pollution.
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.
The tax authority admits that a taxpayer registered as a non-habitual resident (NHR) may benefit from the Young IRS regime, provided they have never effectively used the tax advantages of that status and request its cancellation. This understanding is contained in a recent binding information from the Tax and Customs Authority (AT), published on the Finance Portal, which clarifies the matter.
Nearly 130,000 people registered as non-habitual residents received tax breaks under Portugal's personal income tax system (IRS).
Commentator Camilo Lourenço appeared on 'Manhã CM' to give tips on how to save during this time of year.
