EU residents can apply for a fiscal number in person by visiting a local tax office (Financas) with some official identification (such as a passport or EU I.D. card), as well as a proof of address in their home country. The number is issued instantly.
Non-EU residents are required to appoint a Fiscal Representative in order to request a Portuguese fiscal number.
FISCAL REPRESENTATIVE
A Fiscal Representative acts as an interface between a non-resident individual and the Tax Department on any tax matters relating to a client’s property and/or a client’s individual taxation.
Notifications from the Tax Department generally require a prompt response within 10 to 15 days. Non-receipt of such correspondence can therefore swiftly lead to tax problems for an individual. Non-receipt of property tax bills can lead to non-payment and the incurrence of fines and penalty charges.
You will need to obtain a Portuguese fiscal number in order to:
Buy or sell property in Portugal
Open a bank account in Portugal
Obtain a mortgage or other credit in Portugal
Inherit assets in Portugal
Set up utilities or telecoms in Portugal
Buy a car or apply for a driver’s licence in Portugal
Pay taxes in Portugal
Receive income from work or a business in Portugal
Receive social security benefits in Portugal
Note: British property owners are now required to have a tax representative.
Costs range from 150€ per to 300€ per annum.
#primepropertiesmadeira.com #propertyforsaleMadeira #realestateinMadeira #Madeirarealestate #madeirapropertyforsale #madeirapropertysales #propertyevaluationinmadeira #madeirarealestatePortugal #realestateMadeiraPortugal #buyingpropertyinMadeira #propertiesforsalemadeira #retirementhomesforsaleinmadeira #RealEstate #HomeForSale #PropertyListing #HouseHunting #DreamHome #NewListing #OpenHouse #RealEstateInvesting
