Individual Taxation
Tax system changes
The increasing complexity of the tax system and the constant changes in tax law, in particular the Personal Income Tax law and the adoption of new rules on Social Security, means that enterprises must regularly review their internal procedures, adapt employees’ remuneration packages and give consideration to personnel costs, all critical factors for the increase of productivity.
It is natural that individual investors feel the need to be updated and receive tax assistance when planning their investments, in order to comply with their tax obligations while, at the same time, achieving tax maximization and optimisation.
To accomplish this, economic agents, enterprises or individuals, need access to the most recent tax changes that may give rise to internal modifications or which generate opportunities.
In addition, internationalisation, globalisation and EU tax harmonisation, constitute a challenge and an opportunity to those operating internationally, for whom the timely awareness of the tax laws is essential to the success of their projects and investments.
How can we help you?
- Private Clients
- Employment tax
- Investing in Portuguese real estate through a foreign company
Private Clients
Individual investors and their families need specific attention with focus on the ability to answer their requests of efficiency, availability, technical excellence and discretion. Individual investors whose investment plans contemplate Portugal as a key target can take advantage of the experience and expertise of our specialised team.
The team provides specialized assistance on the recent tax regime created for non-residents, which provides a more favorable regime for individuals who acquire Portuguese tax residence.
How PwC can help you
- Tax regime for non-residents and similar regimes;
- Tax management on the acquisition, increase, hold and transference of assets, in Portugal or abroad;
- Tax optimization of the acquisition and transference of securities, immovable properties and other assets;
- Tax impacts of contributions to pension and similar funds and the respective benefits;
- Conflict of jurisdictions;
- Change of residence and relocation;
- Family business;
- Enterpreneurship and start-ups;
- Copyrights and similar;
- Foundation, trusts and other entities of social assistance.
Employment tax
The struggle for talent, the tax implications of the various alternatives for the composition of salary packages, as well as the globalization of the labor market, require companies to define appropriate global policies, paying particular attention to their implementation and permanent monitoring of these same policies.
How PwC can help you
- Analysis of various remuneration items and their taxation;
- Optimization of salary packages for tax purposes;
- Conception, analysis, implementation and supervision of remuneration and secondment policies;
- Analysis of the different components of remuneration and the respective taxation, as well as their social security framework;
- Analysis of the tax regime for non-residents and its application to specific situations;
- Anticipation and maximization of the benefits resulting from the contributory regimes;
- Identification of the competent jurisdiction on Personal Income Tax and Social Security subjects, in conflict of competences scenario.
Investing in Portuguese real estate through a foreign company
- Identification of Portuguese tax implications of the acquisition, ownership and sale of real estate (company) in Portugal;
- Tax implications in the country of tax residence;
- Perform a tax Due Diligence of the company owning the real estate in Portugal;
- Prepare calculations of the tax implications of buying real estate vs. buying a company owning the real estate.
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