APPENDIX A

 

Non-resident individuals and companies must empower a Portuguese tax resident person or company to carry out their fiscal representation before purchasing a property.

Fiscal representation basically means that we will act as your representative in Portugal in respect of your tax affairs with the Portuguese Revenue.

An official communication will be given to the local tax office informing them of our appointment and thereafter all official correspondence relating to your affairs in Portugal will be directed to our offices. Our staff will then process the notifications accordingly, saving you time and trouble, and avoiding unnecessary fines incurred through delay or failure to respond.

 

Practical situations where a fiscal representative is relevant:

 

• The fiscal representative will apply for and obtain a fiscal number, which is required for buying a property, opening a bank account, contracting electricity, water and so forth.
• IMT, the property transfer tax, cannot be paid by the purchaser of a property, without the previous registration of a fiscal representative at the local tax office;
• IMI, the municipal property tax, bills will only he handed over to the fiscal representative;
• Portugal operates a system of self-assessment for the collection of the income tax. As a consequence, non-residents with a rental income or a capital gain in Portugal are under an obligation to file tax returns there. The fiscal representative will acquire the necessary forms, complete them and pay the taxes due, all within a required period of time;
• All communications from the tax office will be sent to the fiscal representative;
• Portuguese tax forms may be complicated if you are not fluent in the Portuguese language.

The appointment of a fiscal representative is relatively straightforward, requiring only a letter of appointment, nominating the fiscal representative, and the payment of the required fee. Due to recent legislation on money laundering and tax evasion, some due diligence documentation will have to be provided by the non-resident.

 

Andorra
Anguilha
Antigua & Barbuda
American Samoa
Dutch Antilles
Aruba
Ascencao
Bahamas
Bahrain
Barbados
Belize
Bermudas
Bolivia
Brunei
Channel Islands:
- Alderney
- Guernsey
- Jersey
- Great Stark
- Herm
- Little Stark
- Brechou
- Jethou
- Lihue
Cayman Islands
Coco Keeling Islands
Cyprus
Cook Islands
Costa Rica
Djibouti
Dominica
United Arab Emirates
Falkland & Malvines Islands
Fiji Islands
Gambia
Grenada
Gibraltar
Guam Island
Guyana
Honduras
Hong Kong
Jamaica
Jordan
Queshm
Libya
Lebanon

Liberia
Liechtenstein
Luxembourg (1929
Holdings)
Isle of Man
Maldives
North Mariana’s Islands
Marshall Island
Mauritius
Monaco
Monserrate
Nauru
Natal Islands
Niue islands
Norfolk Islands
Sultanate of Oman
Pacific Islands
Palau Islands
Panama
Pitcairn Island
French Polynesia
Puerto Rico
Qatar
Solomon Islands
West Samoa
St. Helen Island
St. Lucia
St.Kitts & Navis
San Marino
San Pedro y Miguelon Island
St Vincent and the
Grenadines
Seychelles
Swaziland
SpitsBergen and Bjornoya
(Bear island)
Tokelau Island
Tonga
Trinidad & Tobago
Tristian De Cunha Island
Turks and Caicos Island
Uruguay
Vanuatu Republic
British Virgin Islands
USA Virgin Islands
Yemen

 

Note that the territories not included in this list do not suffer any penal taxes in Portugal. These territories include the U.S.A. (Delaware, Nevada, Oklahoma, Ohio, …), Malta, New Zealand, Switzerland amongst others.

 

 



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