Portuguese income tax (IRS)

Where do the rich live in Portugal? Lisbon, Oeiras, Cascais, Sintra, Porto and Vila Nova de Gaia are the municipalities with the highest concentration of population with the highest income in the country.

If you're selling a house in Portugal, planning is key, especially when it comes to expenses and taxes. When you get to the moment of selling your house, you'll first of all establish the asking price, while the approximate extra costs and expenses should also be on your radar.

If you live in Portugal, then it's time to start thinking about submitting your 2022 IRS Income Tax return.

Buying property to put on the rental market is a viable investment option, but does it pay off in Portugal?

Capital gains on the sale of property is one of the issues that raises most doubts for those who want to go ahead with the process of selling a house in Portugal.

If you are selling your property in Portugal as a non-resident taxpayer, you are subject to Portuguese income tax ("IRS") and have to report the transaction in your income statement for the year in which you sold your property.

The COVID-19 pandemic has been awakening a new interest in areas of Portugal that are less densely populated. And there is now good news for those who are thinking of changing their lives and replacing life in the city with less urban areas.

The campaign for filing 2019 IRS income tax in Portugal kicked off on 1st April 2020 in the midst of the coronavirus pandemic, and taxpayers now have less than 2 months to file their tax returns - the deadline is 30th June 2020.

The tax authorities have begun processing the first IRS income tax returns in Portugal despite no promises from the government, with taxpayers already receiving their refunds.

If you rent out a property in Portugal then be aware that there are some changes in the amount of income tax (IRS) that you will have to pay on your rental income when it is declared.