A entrega da declaração do Imposto sobre o Rendimento das Pessoas Singulares (IRS) relativa ao ano de 2023 começou em 1 de abril e vai até 30 de junho de 2024.
Filing of the Personal Income Tax (IRS) return for 2023 began on 1 April and runs until 30 June 2024.
All citizens residing in Portugal must declare all their income, whether earned at home or abroad.
Non-Habitual Residents are also obliged to declare all their income, whether earned in Portugal or abroad, regardless of whether it is subject to taxation or not.
For those who don’t live in Portugal, taxation only applies to income generated within the country.
This year, for the first time, capital gains obtained from the sale of crypto-assets, such as cryptocurrencies, will be taxed if they are held for less than a year. Crypto-assets held for more than a year are not subject to tax, but the sale of these assets in 2023 must be declared.
In addition, the obligation to include capital gains from the sale of assets, such as shares, which have been held for less than a year, in the personal income tax return for high-income taxpayers, specifically those in the last income tax bracket, with annual gains of more than €78,834, has been introduced.
It is also compulsory to declare the IBAN of bank accounts held abroad, such as those with Revolut or Degiro, regardless of the balance or utilisation of the account.
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