As a Golden Visa investor in Portugal, you will be subject to various taxes. Here are some of the key taxes applicable to Golden Visa investors:
Income Tax: If you become a tax resident in Portugal, you will be liable for income tax on your worldwide income. However, Portugal offers the Non-Habitual Resident (NHR) regime, which provides favorable tax benefits for certain types of income, such as foreign-source income and pension income, for a period of 10 years. The NHR regime can significantly reduce your income tax liability.
Property Tax: If you invest in real estate in Portugal, you will be subject to property taxes. The main property tax is the Municipal Property Tax (IMI), which is an annual tax based on the taxable value of the property. The tax rate varies depending on the location and type of property.
Stamp Duty: When purchasing real estate in Portugal, you will need to pay a stamp duty, known as Imposto do Selo. The stamp duty rate is generally 0.8% of the property value, but it may vary for certain transactions.
Wealth Tax: Portugal does not currently have a wealth tax, so there is no specific wealth tax for Golden Visa investors.
It’s important to note that tax laws and regulations can change, so it’s advisable to consult with a tax advisor or accountant who is knowledgeable about Portuguese tax laws and can provide up-to-date information specific to your situation. They can assist you in understanding the tax implications and optimizing your tax position as a Golden Visa investor in Portugal.
