tax representation
Printed From: Albufeira.com
Category: Tourism / Turismo
Forum Name: Users Chit Chat / Conversa entre Utilizadores
Forum Description: Topic area unrelated to Albufeira / Área de Tópicos não relacionados com Albufeira
URL: https://albufeira.com/forum/forum_posts.asp?TID=11869
Printed Date: 19/April/2024 at 07:11
Software Version: Web Wiz Forums 10.15 - http://www.webwizforums.com
Topic: tax representation
Posted By: tony & mau
Subject: tax representation
Date Posted: 08/March/2021 at 10:58
could anyone tell me if we need to have a tax representative now we have left the eu. we have temporary residency and used to pay sovereign lda annually. we have had an appartment in albufeira since 2007. we are both senior citizens and holiday there about 20 weeks a year. we do not get any income from this property. tony and maureen  |
Replies:
Posted By: cubsur
Date Posted: 08/March/2021 at 13:22
|
I understand that this is so, partly because the IMI (council tax) apparently will not now be sent to a UK address. Anyone can pay other bills on your behalf from a local bank account. I have recently paid the car tax on behalf of someone with a second home who, like you, cannot be here. All you need to do, probably, is arrange for Soverign lda to send the bill to someone living here that you know and trust. They can pay on your behalf. You avoid having to pay an accountant which I have been hearing is far from cheap. Or, if you have a local bank account, can you not ask Sovereign to send the bill to your UK address or by email? You can then pay yourself via the bank's website. It will be of interest to hear how other second home owners are dealing with the post EU home owning situation. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: tony & mau
Date Posted: 09/March/2021 at 15:42
|
thanks for your reply cubsur. in portugal we bank with bankinter. i have been checking them out and i think we can pay our IMI bill using internet banking. no paper bill needed. will let you know how i go on. hope we are back in portugal soon. Tony |
Posted By: cubsur
Date Posted: 10/March/2021 at 08:28
|
That should be no problem as long as you can receive the IMI bill in the first place or access it via the Finanças website. It's how I paid mine before becoming exempt. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: tony & mau
Date Posted: 10/March/2021 at 09:13
|
i have found and registered with the portal das financas. when this years IMI bill shows up in it i will pay using online banking. PS. will it be possible for us to become exempt in the years to come? |
Posted By: kevjrobbo
Date Posted: 10/March/2021 at 20:32
| how/when do you become exempt? |
Posted By: kevjrobbo
Date Posted: 10/March/2021 at 20:34
| do you need to be in Portugal to register with the finance office for IMI or can it be done online. |
Posted By: tony & mau
Date Posted: 11/March/2021 at 08:35
|
i did it online. all i needed was my NIF number and NIF password(senha). |
Posted By: kevjrobbo
Date Posted: 11/March/2021 at 09:19
| where do you get the NIF number and password from |
Posted By: tony & mau
Date Posted: 11/March/2021 at 16:17
|
the NIF number is the number on your fiscal card. when you applied for your fiscal card you will have set it up with a password.(senha). |
Posted By: cubsur
Date Posted: 12/March/2021 at 08:30
|
They don't issue physical cards any more so keep your NIF among personal records. Important if you want to claim any rebate on tax paid and essential when setting up accounts to pay bills by direct debit etc. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: Captain Spalding
Date Posted: 13/March/2021 at 12:46
|
Hi all As I understand it, Brexit has triggered a requirement that all non-residents living outside the EU (eg UK) who have a Portuguese NIF and assets in Portugal ( eg a property) have to now appoint a Tax Representative in Portugal and inform AT who it is by June 30 2021. If you don’t do this by that date they will start penalising you. I don’t know what the penalties are yet but I’m sure it won’t be pleasant. AT will stop sending correspondence by mail to UK ( and other non EU) addresses after June 2021. As in previous posts I also registered with AT and also pay IMI online from my Portuguese bank. The reference number you need to do this is available via your account on the AT site ...so not getting the letters from AT after June isn’t really an issue for me. However it looks like even if you do it all yourself you still need to appoint a tax representative. I don’t earn in Portugal so IRS or any other taxes have not concerned me before and so I have not completed any tax returns previously and hope that this continues to be the case. I don’t know what the duties or responsibilities would be for an appointed tax representative and don’t know yet what they will charge do this service but a quick search on Google shows there are plenty of people looking to provide the service. I’ve asked a company I know for some costs and also what they’re doing for the money. I’ll post this information and perhaps we can share similar information and maybe prevent anyone getting ripped off. |
Posted By: port princess
Date Posted: 06/April/2021 at 12:07
|
Help needed please I just got my residency in October last year we are 2 senior citizens and have heard we need to fill in tax return? Can anyone help re this please and do I really need to pay an accountant for nil return ? Much appreciated Thankyou ------------- Portprincess |
Posted By: bob d
Date Posted: 06/April/2021 at 12:18
|
I have used Atlantic Property in Vilamoura for about 14 years and they are very good. Regarding tax return, I have no residency and am a U.K. national. For obvious reasons I had no income from Portugal last year (apartment rental), however, I still have to submit a tax return for earning nothing as I started a ‘tax activity’ years ago when I started renting out our apartment. The fee from accountants for this is 250€. ------------- we're not brazil we're norn iron |
Posted By: port princess
Date Posted: 06/April/2021 at 12:34
|
Thanks Bob bit expensive for me I’ve no income from Portugal ------------- Portprincess |
Posted By: cubsur
Date Posted: 07/April/2021 at 08:48
|
You do not need to pay someone to be a tax representative. Anyone can do it. For a simple matter such as receiving an IMI bill and paying it, all you need is someone living here that with mutual trust to receive the bill and pay it for you. I have already paid car tax for a holiday home owner who obviously cannot be here. Getting the local concil to change the address to which the bills are sent is another matter! I don't pay IMI but I believe that the accounts can be accessed and payment made through the Finanças website. For that you need a registration, which when I did it came through the post, and a Portuguese bank account. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: port princess
Date Posted: 07/April/2021 at 09:38
|
Thanks Tom , My council tax I can pay through my Portuguese bank so that’s fine but someone said I need an accountant to show zero Tax for financial year I am confused as don’t rent out my apartment . ------------- Portprincess |
Posted By: cubsur
Date Posted: 08/April/2021 at 08:38
|
A problem might exist for you if Finanças stop sending IMI bills to UK addresses as has been rumoured. This years bills should be arriving around now. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: port princess
Date Posted: 08/April/2021 at 14:31
|
It’s a tax return that someone says you need to fill in even though zero and pay a accountant to do this so I’m confused ------------- Portprincess |
Posted By: cubsur
Date Posted: 09/April/2021 at 09:48
|
That's true so far as I know and since the documentation is only in Portuguese with a million boxes to fill in, using an accountant first time is probably for the best. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: Lynnethh
Date Posted: 27/April/2021 at 16:51
| can anyone recommend a company that does Fiscal Representation, we don’t rent out our apartment it’s for personal use , so won’t pay tax , thanks in advance |
Posted By: kevjrobbo
Date Posted: 29/April/2021 at 21:24
| would love to hear from any replies |
Posted By: Captain Spalding
Date Posted: 30/April/2021 at 10:47
|
Following on from my post on March 13th. I got a price from a company I know for Fiscal Representation for Non Residents. €120 plus VAT for both of us per year. They undertake to receive correspondence from AT and pass on to us. They will also make the physical payment if we are not able to and we send them the money to do so. For us as non residents this will only be for IMI. We received our paper copies of the IMI bill this week by post to the UK...but next years bill won’t be posted to us in the UK. For Residents, as I understand it from a third party that, under the conditions of Residency that there may be a requirement to demonstrate to the tax authority in Portugal that you don’t owe them any money...by completing a tax return. I’m not sure if this is accurate..others on this forum will know better. |
Posted By: cubsur
Date Posted: 01/May/2021 at 09:13
|
My accountant is Drª Fernanda Coelho. Her office can be contacted via email at f.coelho.contabilidade@gmail.com They are based in Albufeira. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: sidsmum
Date Posted: 06/May/2021 at 17:11
|
Update....it's been changed from 30th June 2021 to 30th June 2022!!! Message from the British Embassy in Lisbon... If you are resident in the UK, you now have until 30 June 2022 to appoint a fiscal representative in order to fulfil your fiscal duties in Portugal. You can read the Portuguese government announcement here (in Portuguese) https://portaldascomunidades.mne.gov.pt/images/GADG/Despacho_SEAAF_150_2021_XXII.pdf If you are resident in Portugal, you are not obliged to appoint a fiscal representative, but can do so if you wish. |
Posted By: cubsur
Date Posted: 07/May/2021 at 10:11
|
Jolly decent of them! I expect my two second home owing neighbours to ask me to pay their IMI on a more formal basis. Easy if you are earning no income here, but if you let your place out for holidays an accountant is pretty well essential. ------------- Albufeira Resident www.algarvebus.info public transport information for the Algarve |
Posted By: JuliejH
Date Posted: 07/May/2021 at 10:13
| The way I read this is , it’s extended , but if the digital format is in place then it will not be necessary with a fiscal number to appoint a tax representative ! Can do tax from anywhere yourself 🤔 |
Posted By: Richardk
Date Posted: 07/May/2021 at 14:14
If you are a PT resident you have to declare your worldwide income (inc UK pensions) so even if you have no PT income you could still have PT tax to pay so I would recommend an accountant
|
cubsur wrote: