Tax Assessment

A tax assessment is a review of your tax liability based on treaties that Portugal has with other nations and its current tax system.
Our clients have benefited from our Portuguese fiscal lawyers proven expertise every time.

Several important reforms carried out over recent years have successfully put Portugal on the map for tax competitiveness regarding inward investment.

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Source of worldwide income

Determining the source of income is of critical importance in the Portuguese territorial system, as source often determines whether or not the income is taxed.

Source of worldwide income is where the income is considered to arise under the relevant tax system. The manner of determining the source of worldwide income is generally dependent on the nature of income.

• Income from the performance of services (e.g., wages) is generally treated as arising where the services are performed.
• Financing income (e.g., interest, dividends) is generally treated as arising where the user of the financing resides.
• Income related to use of tangible property (e.g., rents) is generally treated as arising where the property is situated.
• Income related to use of intangible property (e.g., royalties) is generally treated as arising where the property is used.
• Gains on sale of realty are generally treated as arising where the property is situated.

Tax treaties exist between Portugal and many countries on a bilateral basis to prevent double taxation

Double taxation means taxes levied twice on the same income, profit, capital gain, inheritance or other item.

Ask us how this service can save you worldwide taxes.