Our job is simple:
to ensure you are tax compliant; efficient; your payments are managed, your tax position is optimized to minimize liability and reduce risk of investigation from authorities.
Non-EU companies and individuals are required by law to appoint a fiscal representative to take care of their Portuguese tax obligations. EU companies and individuals may choose to take care of their own affairs, or engage representation to carry out this task. AFC are able to act for you regarding fiscal representation.
If you intend to invest in property, apply for residency, start a business or establish any form of official presence in Portugal, you must obtain a fiscal number, known as a Número de Identificação Fiscal (NIF) or a Número de Contribuinte.
Having the right representation in Portugal is vital. We help you avoid penalties, interest and asset seizure by meeting all obligations and payments on time. Notification requires response within 15 days. AFC’s knowledge and experience in dealing with Portuguese Revenue is fast and effective.
Tax affairs have a crucial impact in the lives of companies and individuals. The evolution and the growth come along with more complex operations that frequently involve multiple jurisdictions. A correct tax framework assumes a fundamental role when starting new projects and investments.
This concerns not only companies but also individuals with direct investments. In this sense, AFC adds value to your business, presenting integrated solutions of tax consultancy.
NHR – Portugal has a special tax regime for Non-Residents who have not been resident in Portugal for the last 5 years – the Non-Habitual Resident tax regime. Launched in 2009, it allows professional individuals, entrepreneurs, retirees and high net-worth individuals benefit from reduced-rate taxation on Portuguese sourced income for 10 years.
Individuals of any nationality can potentially benefit from the NHR regime, providing they qualify as a tax resident in Portugal.
Portugal has one of the best, most advantageous regimes in Europe. But taxation elements constantly change. AFC’s job is to keep you ahead of the curve. If you are a non-EU resident you need to appoint a fiscal representative who can act on your behalf when dealing with any tax section. We act as the connection between a non-resident or Company and the tax department.
Aside from the tax consultancy, you need full report and payment capability. AFC presents integrated solutions to ensure compliance for Companies and/or Individuals.
Avoid tax inspections and costly administrative litigation by appointing a fiscal representative. AFC can provide assistance with these matters. Our knowledge and experience can defend against the authorities by exercising the right to appeal within timeframes.
Our work is preventative. We help you file on time and ensure you declare correctly. This service is also provided for tax residents in Portugal.
If you are a Portuguese registered company, we can provide the correct advice ensuring you adopt the right structure for your business.
We act for start-ups, micros, boutiques and corporate who require accounting to be maintained in their home jurisdiction, but need a Portuguese specialist to certify they are compliant.
We can provide advice on tax and accounting issues for relevant Portuguese registered companies.
If you have property and receive income from it, you should get the right advice for peace of mind – we inform you how to get the best benefits from your property investment. We know the markets and the tax implications. We also get early alerts to new developments, unrivalled off-market opportunities and other property investments, that may be of interest to you.
AFC assists with all the tax procedures related to rental income, such as: registering the rental agreement near the Portuguese Tax Authorities; settling the respective Stamp Tax; issuing rental receipts; preparing and submitting the Modelo 44 return; registering alterations to the rental agreement; registering the termination of the rental agreement; preparing and submitting the respective income tax return regarding the rental income received; receiving and verifying the tax assessment and paying the respective tax, if applicable.
Local lodging differs from rental activities like holiday lettings. This type of enterprise is often registered, licensed and approved through the Portuguese Revenue Authority, National Tourist Board and local Council (Câmara Municipal). AFC can ensure that you meet all the relevant requirements to apply and obtain your license.