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April 13, 2020 - Comments Off on TIME TO FILE YOUR TAX RETURN FOR 2019

TIME TO FILE YOUR TAX RETURN FOR 2019

Since 1st April 2020 individuals can file their personal tax return in Portugal for 2019. All Portuguese tax residents, including those with non-habitual tax residency status, are required to file a return based on their worldwide income for the previous tax year i.e. over the period 1st January 2019 to 31st December 2019. The deadline for filing is 30th June 2020.

If you have not filed tax returns for previous years you should file immediately in order to avoid accumulating interest, fines and possible seizure of bank accounts or assets.

We strongly recommend that the services of a Portuguese accountant are used in order to file the tax return correctly. We can as required provide the details of such an accountant on request.

We can assist with the preparation of the documents which will be required by your accountant and please contact us further on international@edge-il.com should you require this, or any other, assistance.

If you are a non-tax resident but have received Portuguese sourced income, such as rental income, for example, you are also required to file a tax return, as non-resident, for such income.