Expert Accounting and Tax Services in Portugal
Turning Tax Complexity into Expat Simplicity
Partner with us to develop a customized tax plan tailored to your business or personal needs. Navigate your financial future with strategies that minimize your most costly annual expense: taxes.
Your Most Costly Yearly Expense
Our premier accounting firm in Portugal, specializing in tax law and compliance, has a dedicated team committed to guiding you through the nuances and bureaucracies of taxation. We want to make sure that your finances are in order and you are utilizing all the benefits awarded to you within the law.
Start Your Move To Portugal
New Country New Tax Law
By understanding the intricate Portuguese tax landscape we can translate our expertise into tangible tax savings, allowing you to retain more of your hard-earned income. Whether you’re an expat or a local, we tailor tax strategies to suit your unique circumstances. We want to ensure you pay what’s legally required no more, no less, by keeping you in current with your tax obligations. By optimizing tax savings, we provide you with the financial freedom to pursue your dreams and aspirations without undue burden.
In conjunction with tax compliance we also have extensive expertise to address any concerns with your residency status and immigration needs.
The Different Services We Offer
Our firm takes pride in offering a comprehensive suite of services designed to address the diverse needs of our clients in Portugal
Process Plan
How We Start
It all begins with a thorough consultation, where we invest time in understanding your unique financial situation and status. This foundational step is critical in tailoring our services to meet your specific needs, whether you’re an expat seeking tax optimization or a business owner aiming to streamline operations.
Crafting Your Plan
Once we've comprehensively understood your requirements, we develop a customized action plan outlining services and strategies aligned with your objectives.
Ongoing Communication
Throughout our partnership, we maintain open lines of communication, ensuring you are informed at every step of the process.
Our Pledge
We are committed to facilitating a seamless transition and being the partner that not only optimizes your tax liability but also contributes to your long-term success.
What Pitfalls Come About?
The simple answer: Most people could be paying less in taxes
Choosing not to partner with tax specialists could have significant financial, legal, and residency consequences. We cannot stress enough that without expertise in tax law, you may miss out on substantial opportunities for tax savings, which could lead to higher tax liabilities. This could mean that you are overpaying your taxes and leaving money on the table that could have been reinvested or utilized for your personal or business growth. Moreover our company will guarantee that you are always up to date with your tax and accounting obligations.
Additionally, Portugal’s residency and visa requirements for expats can be intricate and ever-changing. Failing to stay compliant with these regulations could result in residency issues, delays, or even visa complications, all of which could disrupt your plans for living and working in this beautiful country.
Start Optimizing Your Finances Today
FAQ`s
OnCorporate offers a wide range of services including tax consulting, fiscal representation, ccounting solutions, company incorporation, and tax return preparation. We cater to both residents and non-residents in Portugal.
Fiscal representation is required for non-residents who have tax obligations in Portugal. A fiscal representative acts on your behalf to ensure compliance with Portuguese tax laws. This is particularly important for non-residents owning property or earning income in Portugal.
Rental income from properties in Portugal is subject to a flat tax rate of 28%. However, various deductions may apply, and consulting with a tax advisor can help optimize your tax liability.
The standard corporate tax rate in Portugal is 21%. Additional municipal and state surtaxes may apply, depending on the location and size of the business.
Yes, OnCorporate provides comprehensive services for company incorporation, including assistance with legal registration, tax compliance, and business planning. We help startups, SMEs, and subsidiaries of international companies establish a presence in Portugal.
Registering as a non-resident taxpayer can be beneficial for managing taxes on income earned in Portugal while living abroad. It allows you to benefit from certain tax exemptions and deductions applicable to non-residents.
You can contact us via our website, phone, or email to schedule a consultation. Our team of experts is available to provide personalized advice and support tailored to your specific tax and accounting needs.
The NHR regime is a tax incentive program for new residents in Portugal, providing significant tax benefits for a period of ten years. It is aimed at attracting foreign talent and investors to Portugal. To qualify, one must not have been a Portuguese tax resident in the five years preceding the application.
To file taxes in Portugal, you will need identification documents, proof of income, receipts for deductible expenses, and any relevant documentation related to tax credits or exemptions. It's advisable to consult with a tax advisor to ensure you have all necessary paperwork.
The deadline for filing personal income tax returns (IRS) in Portugal is typically from April 1st to June 30th for income earned in the previous year. For corporate taxes, the deadline varies but generally aligns with the fiscal year-end and subsequent three months.
