File your Portuguese personal income tax return — FY2024

The tax filing season in Portugal is now underway!

It’s crucial to ensure your annual personal income tax return is submitted correctly and on time.

Key Dates

• Filing Period: April 1st to June 30th
• Income Year: You will be reporting income earned in the previous year (e.g., income from 2024 is reported during this period in 2025).

Understanding your tax obligations

• Tax Residents (including NHR & IFICI): You are required to declare your worldwide income. Remember to report all foreign bank accounts, including IBAN and BIC/Swift codes, even if they haven’t generated income.

Want to know more? What is the NHR? What is the IFICI?

• Non-Residents: You only need to declare income sourced within Portugal.

Income Categories:

Understanding your income type is essential for accurate tax filing. The main categories include:

• Category A: Employment income
• Category B: Business and professional income
• Category E: Investment income
• Category F: Rental income
• Category G: Capital gains
• Category H: Pension income

Important Considerations:

• NHR Regime: If you are under the Non-Habitual Residents regime, you may be eligible for significant tax benefits.
• Partial Residency: If your residency status changed during the year, you might need to file separate tax returns.
• Crypto Assets: Be aware of the tax rules concerning gains from crypto assets.

Need Help from GFDL Advogados?

Ensuring accuracy in compliance is vital to avoid potential penalties and maximize any available benefits.

Our experienced team is well-versed and offers personalized assistance to ensure your tax return is filed correctly and efficiently, including cryptocurrency-related income.

Contact us