Taxes in Portugal: What you need to know

Taxes in Portugal: What you need to know

If you’re considering buying property in Portugal, one of your top concerns will undoubtedly be ‘can I afford it,’ and ‘what will it cost once I’m there?’
All you need to know about appointing a tax representative in Portugal

All you need to know about appointing a tax representative in Portugal

Since leaving the European Union, the UK is now considered a “third country”. As a result, it is now a legal requirement for all non-residents of Portugal who own property, hold a bank account or have a business there to appoint a tax representative. If you don’t, you could face fines of up to €7,500 – scary, right? But don’t panic – the deadline for finding a tax representative has been extended until 30 June 2022, thanks to Covid-19 disruption, so you still have plenty of time.

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