When you decide to move abroad and buy a house or other property in Portugal, it is essential to weigh all the costs associated with it. In addition to notary fees and administrative costs, you should pay particular attention to taxes on the purchase of goods. Indeed, Portugal is famous for its “hidden” taxes that everyone should take seriously before to decide to buy a house. While putting aside the financial weight of a home loan, it is true that all the other costs associated with buying a home in Portugal mean that the total amount of the purchase of the property becomes much higher. The first step will be to find financing tailored to your needs and your payment capabilities. What are the taxes when buying a house in Portugal ? What taxes to pay when you buy a property ? Lisbob, the expatriate assistant in Portugal, tells you everything about real estate taxes in Portugal.
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.
If you decide to come to live in Portugal then you will probably ask the question of the registration of your foreign vehicle. Portugal protects its domestic market and imposes very high import taxes : some expats have to pay of up to 5 digits. In some cases you can apply to be exempt from tax but these are not clear according to the sources. Some people say 6 months, some people say 12 months, some people are talking about old cars or brand new one : let Lisbob analyse the situation. Do I have to pay the ISV tax to legalize my foreign vehicle in Portugal ? Lisbob, the Expats Assistant in Lisbon and Portugal has created a free tool to check if you can benefit from the ISV tax exemption.