• FISCAL REPRESENTATION

    Legislação e Fiscalidade

    FISCAL REPRESENTATION

    The Real Estate Algarve Property Online can ensure the Tax Representation that you need if you are buying a property in Portugal.

    Cases in which it is mandatory to have a Tax Representative:

    - Non Resident * - it is mandatory to have a tax representative if you want to acquire a property in Portugal;

    The Tax Representative is legally responsible for receiving all tax notifications about your property, ie: property taxes such as the IMI (Municipal Property Tax), and will inform within the legal deadlines, to you make the respective payment.

    The appointment of a Tax Representative at the time of acquisition of the property or as soon as you intend to leave the country so that you can rest assured about all taxes, fees and other fiscal matters that may arise on your property while Absent from the country.

    * Non-Resident: are people who are outside the country for a period equal or greater than 6 months, or to legal persons (companies) that have their headquarters outside of Portugal.

    The mandatory appointment of a Legal Representative in Portugal.

    The designation of a Tax Representative is provided for in the Portuguese Law for all Non-Residents who wish to buy a property or assets in Portugal.

    The lack of compliance will have legal consequences that may require the payment of fines that can vary between € 50 to € 5,000.

    Also for persons who receive income subject to IRS (Individual Income Tax) and who are outside the National Territory for a period equal to or greater than 6 months, they must appoint a Tax Representative REQUIRED.

    Advantages of having a Tax Representative:

    For people who own property and assets, who receive income subject to the IRS in Portugal and who are outside the country or who are not resident in Portugal, then a Tax Representative will play a very important role.

    It is the Tax Representative who ensures that he never fails to comply or that he is properly informed about all tax matters with the Portuguese Government, but also to offer him peace of mind while he is absent.

    Even for those who live all year in national territory, a tax representative can offer many advantages, namely helping to clarify the legal processes and taxes to which he is subject.

    We all know that sometimes we need help with legal processes, and we do not always find the information necessary to clarify tax procedures, in this case, a Tax Representative is also an advantage!

    You can count on our help finding a Tax Representative who will help you with all these issues!

    Be our guest if you need more information about this or other matters related to Real Estate, do not hesitate to contact us! If you want to clarify any doubts and more information about legal support, just contact us by e- Mail to: info@algarve-property-online.co.uk, or call us now +351 289590150.