Article 58.º-A of the Investment Tax Code, introduced by Law No. 82/2023 of December 29th, represents a significant evolution in the tax benefits regime to attract talent and investment to Portugal. This new regime, often referred to as NHR 2.0, aims to incentivize scientific research, innovation, and the country’s economic development. Who can benefit from… Continue reading New NHR 2.0: A Complete Guide to Article 58.º-A
Author: Rodolfo Santos
Tax Framework for Cryptocurrencies in Portugal: Detailed Analysis for 2024
Legal Definition of Crypto Assets According to Law No. 24-D/2022 (State Budget Law for 2023), a crypto asset is defined as “any digital representation of value or rights that can be transferred or stored electronically using distributed ledger technology or similar.” It’s important to note that this definition excludes explicitly unique and non-fungible crypto assets… Continue reading Tax Framework for Cryptocurrencies in Portugal: Detailed Analysis for 2024
The new VAT rules for online training and events
The new VAT rules for virtual events are established by Council Directive (EU) 2022/542, which amends the EU VAT Directive. This directive implements significant changes to the VAT treatment of virtual events and live-streamed activities, set to take effect from January 1, 2025.Key points of this directive include: Complexity in Compliance: SMEs will need to… Continue reading The new VAT rules for online training and events
The NHR 2.0 – The new regime in town for expats in Portugal
NHR 1.0 – The old regime: Until the end of 2024, the transitory regime still applies under certain circumstances, which allows expats and investors to come to Portugal and still benefit from NHR – Non Habitual Regime, with the following benefits: NHR 2.0 – The new regime in town for expats in PortugalBenefits of Portugal’s… Continue reading The NHR 2.0 – The new regime in town for expats in Portugal
Navigating Portugal’s Updated Crypto Tax Landscape: A Comprehensive Guide for Compliance
Compliance for crypto transactions
Navigating the Golden Visa Program in Portugal: Updated Rules for 2024
In a recent announcement, the Portuguese government has brought significant changes to the Golden Visa program, streamlining the application process and accelerating the path to citizenship. This update is particularly noteworthy as the application period for the Golden Visa, ranging from 6 to 18 months, will now contribute to the mandatory 5-year qualifying period for… Continue reading Navigating the Golden Visa Program in Portugal: Updated Rules for 2024
Strengthening the EU’s Anti-Money Laundering Framework: An Overview of the Recent Council and Parliament Agreement
Introduction: In a significant move towards bolstering the European Union’s fight against money laundering and terrorist financing, the Council and the Parliament have reached a provisional agreement on crucial aspects of the anti-money laundering package. This groundbreaking agreement is a pivotal step in protecting EU citizens and the integrity of the EU’s financial system. Harmonizing… Continue reading Strengthening the EU’s Anti-Money Laundering Framework: An Overview of the Recent Council and Parliament Agreement
Madeira Free Economic Zone Regime: A Detailed Analysis
The Madeira Free Trade Zone regime has been a crucial tool for promoting the region’s economic development, encouraging investment and providing tax benefits. In this article, we will explore the main features and relevant updates, with special attention to the notes provided. The main benefit of this regime is the Taxation under Corporate Income Tax… Continue reading Madeira Free Economic Zone Regime: A Detailed Analysis
Maximizing Crypto Gains through Tax Optimization Strategies
Crypto taxation
The Significance of Portugal’s Commitment to Automatic Exchange of Crypto-Asset Information: A Milestone in Global Tax Cooperation
In a move towards enhancing international cooperation in the battle against tax fraud and evasion, Portugal, along with 47 other jurisdictions, has pledged to commence the automatic exchange of information on crypto-assets starting in 2027. This commitment aligns with the globally recognized standard established by the OECD, known as the Crypto-Asset Reporting Framework (CARF). Global… Continue reading The Significance of Portugal’s Commitment to Automatic Exchange of Crypto-Asset Information: A Milestone in Global Tax Cooperation