All residents in Portugal are subject to taxation on all income earned both in Portugal and abroad.

Non-Habitual Residents must also declare all income earned both in Portugal and abroad, regardless of whether it is subject to taxation.

Non-residents are taxed only on the income they earn in Portugal.

Additionally, this year introduces the mandatory aggregation of capital gains arising from the sale of assets, such as shares, held for a period of less than a year, for taxpayers with high incomes, specifically those in the highest IRS bracket, i.e., with annual earnings exceeding €78,834.

It is also mandatory to declare the IBAN associated with bank accounts held abroad, namely Revolut or Degiro accounts, regardless of the use made of the account or the existence of balances.

Tax Department

Sofia Quental | Inês Grácio | Flávia Almeida | Catarina Amaral