IRS 2024: Are you ready to file your Portuguese tax return?

The filing period for the Portuguese Personal Income Tax (IRS) return for 2024 runs from April 1 to June 30, 2025. As every year, preparing and filing the return correctly requires gathering documentation early and understanding the type of income and deductions applicable.

Leal Figueiredo & Associados provides a practical overview of what to prepare:

✅ Key documents and data to gather:

• Tax ID (NIF) for all household members, including spouse and dependents.

• Access credentials to the Portuguese Tax Portal (Portal das Finanças).

• IBAN for refund purposes.

• Supporting documents for:

  • Income from employment, pensions, self-employment, rentals, capital income, capital gains, etc.

  • Tax withheld in Portugal and abroad.

  • Deductible expenses: health, education, housing, donations, dependents, etc.

  • Special regimes: Non-Habitual Resident (NHR), IFICI, foreign-source income, reinvested capital gains, undivided estates, etc.

🧾 Noteworthy aspects for 2025:

• Foreign income must be properly documented, including tax paid abroad and residence certificates, to avoid double taxation.

• NHR or IFICI taxpayers should ensure they can substantiate their eligibility and applicable tax rates.

• Capital gains from securities and crypto assets require careful documentation due to evolving reporting rules.

📌 Our team advises private clients, expatriates, and international families in preparing, reviewing, and filing their IRS returns, ensuring full compliance and tax optimisation.