If you live and work as a freelancer in Portugal then the question of VAT collection or not is an important topic. It is essential for the success of your freelance activity to know the particularities of the VAT declaration in Portugal. Indeed in case of bad information transmission you expose yourself to sometimes heavy fines which can mean the end of your activity. Working as a freelancer in Portugal is not easy but thanks to Lisbob digital nomads have all cards in hand in order to know how to fill and send periodic VAT declaration in Portugal. What is periodic VAT return declaration ? How to fill it correctly ? Lisbob, the expatriate assistant in Portugal tells you all about the periodic VAT return in Portugal for the self-employed.
Taxes : How to register invoices in Portugal step by step ( and receive a larger tax refund )
Did you know that you can have tax refund just by giving your NIF while doing groceries ? Indeed in Portugal, every year you have to confirm all expenses you have done . You have communicated your Numéro de Contribuente for each purchase made or service ordered, so you have made halfway to claim a tax refund. In Portugal giving your NIF is not the only thing that you have to do. It is necessary to register receipts on the website of Finanças and to give sort them by category. Why should you give your NIF when you buy stuff ? How to register your bills in Portugal on the website of Finanças ? Which information to communicate ? How to optimize your invoices registration to receive an even greater tax refund ? Lisbob, expats assistant in Portugal, tells you everything.
Portuguese tax authorities realize of an error in 10,000 tax returns in 2015 and require a payment of 3.5 million euros.
With almost 5 years of delay, the Portuguese tax and customs authorities (TA) identified an error in the processing of tax returns for 2015, which led to a recalculation of income tax of around 10,000 returns for one 3.5 million euros. The persons concerned are the taxpayers who started a commercial or professional activity in 2014, who were taxed in 2015 according to the simplified scheme and who, in 2015, also earned income category B, according to the information published in the portal. Finanças. This is bad news just before the holiday season for about 10,000 taxpayers who will have to repay an average amount of 350 euros. What is the reason for this error from the Portuguese tax authorities ? Are you affected by this refund request ? Lisbob, the expatriate assistant in Portugal, tells you everything about this (new) error of the Portuguese tax authorities and the consequences for the taxpayers concerned.