Unlike neighboring countries such as Spain or France, Portugal has no assets tax or inheritance tax but use the stamp duty form, especially with the relatively low real estate and members the family has no tax liability.
Portugal is applying the Citizens program as Non-Habitual Residents to attract potential candidates to live here. Temporary residents of this area will be exempt under the tax reduction in the first 10 years of living.
Although superficially Portuguese tax law seems quite pleasant but the reality is not so simple. Some foreigners do not learn skills by tax regulations should have faced many troubles in declaring and paying taxes here.
In recent years, the Portuguese government implemented measures to prevent tax evasion problem thoroughly, namely increasing the number of tax inspectors and the number of registered Organizations & Economic Cooperation Development (OECD). In 2017, this organization will collect information on the assets and income of the taxpayer abroad, even though the individual has announced or not.
It’s different between permanent residents about the collection of taxes and taxes due. Therefore, you need to plan assets and earnings of the self to be the most beneficial tariffs. You should consider investing in real estate projects, in tandem with the learn-related taxes as well as investment plans. This is an opportunity to help investors access to the currency fund managers advanced. They will offer asset protection for investors in case of necessity. In the future, tax rates, and the tax-free range can be changed.
If you own real estate in Portugal, but does not regularly reside in this country, you should consult a number of taxes in this country. Note that, some kind of tax applies only when the owner moves rental or sale of real estate. And usually, you only have to pay the basic tax under Portuguese law.