Portugal Taxes 2026 — Expat Guide

NHR, IFICI, IRS, capital gains, crypto, property taxes, social security, VAT

Verified summary of how Portugal taxes residents and expats — with direct links to the Código do IRS, the Estatuto dos Benefícios Fiscais, and other primary sources. Covers the NHR closure, the new IFICI regime that replaced it, IRS brackets, capital gains and crypto rules, IMT/IMI/AIMI property taxes, social security contributions, VAT rates and double-taxation treaties.

This page is informational only and not tax advice. Tax rules change every year — including via the State Budget (OE) — and your specific situation may differ from the general rules summarised here. Always confirm current rates and rules on Portal das Finanças and consult a Portuguese fiscal accountant (TOC/CC) or tax lawyer before filing.

How Portugal Taxes You — at a Glance

If you are tax-resident in Portugal, you are taxed on worldwide income. Tax residency is governed by art. 16 of the Código do IRS — broadly, you are resident if you spend more than 183 days in Portuguese territory in any 12-month period starting or ending in the year, or if you keep a dwelling in Portugal under conditions suggesting it is your habitual residence.

The big picture

IRS (Imposto sobre o Rendimento das Pessoas Singulares) — personal income tax with progressive brackets.
NHR (Regime Não Habitual Residente) — closed to new applicants since 1 January 2024. Existing NHRs continue under transitional rules.
IFICI — the new regime that replaced NHR. 20% flat on qualifying employment/self-employment income; foreign passive income largely exempt; foreign pensions are excluded.
Property taxes — IMT (transfer tax), Imposto de Selo (stamp duty), IMI (annual), AIMI (high-value surcharge).
VAT (IVA) — 23% standard on the mainland; lower rates in Madeira and Azores.

First steps when you arrive

Get a NIF (Número de Identificação Fiscal) before doing anything else.
Once you become resident, register the change of fiscal address on Portal das Finanças.
If you qualify, apply for IFICI within the legal deadline (see NHR & IFICI tab).
If you remain non-resident with a Portuguese NIF, check whether you need a fiscal representative or can use electronic notifications instead.
File your annual IRS declaration (Modelo 3) between 1 April and 30 June.

Official sources used on this page

Portal das Finanças (AT)Diário da República Segurança Social IAPMEI — IFICI FCT — IFICI Researchers gov.pt — VAT Information

Primary sources used on this page: Portal das Finanças (AT), Diário da República, Segurança Social, IAPMEI (IFICI), FCT (IFICI Researchers), and the Códigos do IRS, IMI, IMT, Imposto do Selo and IVA. Last updated May 2026. This page is informational only and is not legal or tax advice.

A carregar...

How Portugal Taxes You — at a Glance

The big picture

IRS (Imposto sobre o Rendimento das Pessoas Singulares) — personal income tax with progressive brackets.
NHR (Regime Não Habitual Residente) — closed to new applicants since 1 January 2024. Existing NHRs continue under transitional rules.
IFICI — the new regime that replaced NHR. 20% flat on qualifying employment/self-employment income; foreign passive income largely exempt; foreign pensions are excluded.
Property taxes — IMT (transfer tax), Imposto de Selo (stamp duty), IMI (annual), AIMI (high-value surcharge).
VAT (IVA) — 23% standard on the mainland; lower rates in Madeira and Azores.

First steps when you arrive

Get a NIF (Número de Identificação Fiscal) before doing anything else.
Once you become resident, register the change of fiscal address on Portal das Finanças.
If you qualify, apply for IFICI within the legal deadline (see NHR & IFICI tab).
If you remain non-resident with a Portuguese NIF, check whether you need a fiscal representative or can use electronic notifications instead.
File your annual IRS declaration (Modelo 3) between 1 April and 30 June.