Offshores

The offshore tax haven of the island of Madeira, in force since 1980, could lose one of its fiscal benefits from next year. The Portuguese government’s State Budget for 2025 could spell the end [...]

According to a new study from the Fiscal Observatório (Tax Observatory) by Deloitte, the amount that the Portuguese are putting in offshores is double that of deposits made from Spain and Germany [...]

Off-shore funds will be exempt from paying capital gains if they sell residential properties to the State to ease Portugal’s chronic housing shortage. The measure is part of the Government’s [...]