Plan Ahead

Plan for the Inevitable

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Race against time: With Brexit you have to nominate one “tax representative”.

Race against time: With Brexit you have to nominate one “tax representative”.

A little known ruling as a result of Brexit has left tens of thousands of Portuguese resident in UK – as well as Brits with second homes in Portugal – in a race against time if they want to avoid stiff financial penalties. The issue has to do with a requirement to nominate a ‘fiscal

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IRS Personal Income Tax 2020

IRS Personal Income Tax 2020

IRS Personal Income Tax 2020: what you need to know about it this year The IRS delivery time began in the 1st of April and will run until the 30th of June. So now it’s that time of the year, when we need to clarify some of the questions you may have concerning this important

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Portuguese Tax Residents: obligation to declare foreign bank accounts

Portuguese Tax Residents: obligation to declare foreign bank accounts

Although there is no obligation to submit a Personal Income Tax in case your only income is made of just pensions or salaries and is less than € 8,500 per year, there is still an obligation to declare bank accounts. All persons who have foreign bank accounts must declare them in the IRS, this appears

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