Fiscal Advice in the Algarve

Real estate purchase protocol within Portugal, involves varied fiscal (tax) and legal obligations, some of which depend upon the investor's individual characteristics and requirements.

Firstly the non-resident Investor is required to obtain a fiscal number by appointing a certified Fiscal Representative to apply on their behalf. To comply with all necessary legal requirements this should be done as soon as possible.

The Fiscal Representatives at Sisatel Lda, act as a mediator/intermediary between the investor and Portuguese Fiscal Authorities, ensuring all relevant tax management issues are dealt within the best interests of the investor.

The involvement of a specialised professional fiscal consultant, with extensive experience in all fields of real estate matters, is also of vital importance to ascertain the best property-related financial options to fit the individual circumstances of the Investor. In this regard, TerraCottage, in partnership with the Financial and Tax Specialists, Sisatel, Lda can offer the following services:

Fiscal Representation and related fees

Individuals
Annual fiscal representation fee
(per individual or couple)
230.00 Euros (plus VAT)
Tax identity card 6.40 Euros
IRS (annual income declaration) 220.00 Euros
IMI - Payment (annual) 80.00 Euros
   
Companies/off-shores
Annual fiscal representation fee 430.00 Euros (plus VAT)
Tax identity card 19.20 Euros
IMI - Payment (annual) 80.00 Euros
 

Tax Advice

Property developers are strongly recommended to study the various opportunities for their investment and Sisastel Lda can offer a wide range of professional advice on all related tax issues based upon each individual case.
 

Financial Services
For all other accountancy matters, should an Investor wish to select a Portuguese company to manage their financial affairs, an Official Accountant (TOC) is required; our well qualified and bilingual team of accountants at Sisatel Lda, can provide a competent and efficient service for all aspects of accountancy matters.