Tax Representative - (primepropertiesmadeira.com)

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.

 

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