A Fiscal Representative in Portugal acts as an interface between a non-resident individual or company and the Serviço de Finanças (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.
As the Fiscal Representative, Sovereign will receive all Tax Department correspondence in respect of the affairs of clients and will act on behalf of clients to ensure that their fiscal responsibilities are fulfilled – submitting the necessary tax returns and paying all taxes.
To do this, Sovereign will provide any requested clarifications to the Tax Department, raise tax appeals, implement Double Taxation Agreement (DTA) provisions and ensure that tax payments are made within deadlines. We will also assist with any residence applications.
Many lawyers are no longer willing to assume this role and prefer to recommend specialist Fiscal Representatives such as Sovereign. Sovereign – Consultoria Lda has been able to build very close relationships with local tax departments, which enables us to keep up to-date with the ever-changing fiscal demands placed on both resident and non-resident clients.