Portugal Tax Guide

Download our tax guide to get answers to key questions for those looking to move or who have already moved to Portugal.

This in-depth guide includes:

FAQs

In Portugal, you are considered a tax resident if you spend more than 183 days within a 12-month period in the country or if you establish it as your “habitual residence,” essentially making it your home. Portugal divides its tax year for residency purposes based on the year of arrival and departure. Therefore, once you permanently move to Portugal and consider it your habitual residence, you will be deemed a Portuguese tax resident from that day onward.

While the UK-Portugal treaty ensures that the same income or gains are not subject to double taxation, it’s important to note that not all income or gains are taxed in both countries. The issue arises when individuals lack knowledge of the rules, potentially leading to overpayment of taxes if they are paying in the wrong country.

Furthermore, in cases where income or gains are taxed in both countries, although it is possible to offset the tax paid in one country against the tax due in the other, if the tax liability in the UK is higher, no refund of the difference will be granted in Portugal.

All the things you need to know

Our qualified tax advisers created this guide. With close to 4,000 expatriate and cross-border investor clients, we understand the pains of having assets split worldwide and have vast experience advising clients in this scenario. We have put together this easy-to-follow guide to help those investors taking the limited company route to help structure their finances.

This guide was last updated in July 2023.

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If you would like to speak to one of our advisers, please get in touch today.

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