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Settling tax obligations couldn’t be easier. The Simplified Regime offers

Ornamental window, Regaleira Palace

Ornamental window, Regaleira Palace

entrepreneurs a simple, cost effective alternative to the traditional profit/loss method of accounting. With assessment based on a small fixed percentage, small independent businesses minimise record keeping, increase productivity and reduce taxes. To qualify, the annual turnover must be below € 200.000. Established in 2001, this regime has had massive adherence by entrepreneurs in Portugal over the years. Currently 99% of the self employed pay their income tax through this method.

Read more about Taxation: Personal Income Tax, VAT and Double Taxation Treaties

 

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Best to be compliant with the law – we can help!

 

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