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Why do I need a fiscal number in Portugal?
The Portuguese NIF number is a tax identification number. The number is for tax purposes in Portugal; NIF numbers are necessary when paying taxes, making official purchases such as buying a property or carrying out other formal activities.
What is a fiscal code in Portugal?
NIF
A fiscal number is a tax identification number that is issued in Portugal to anyone who wishes to undertake any official matters in Portugal. A fiscal number is known in Portugal as a Número de Identificação Fiscal (NIF), it is also sometimes referred to as a Número de Contribuinte.
Why do I need a NIF number?
The NIF (Número de Identificação Fiscal or Número de Contribuinte) is a tax identification number that you will need to deal with any sort of transaction in the country, such as getting a phone subscription, buying property, renting property long-term, signing up for utilities and the list goes on.
What is VAT number Portugal?
Portuguese VAT numbers have 11 characters [PT + 9 digits]. The last number constitutes a control number.
Do I need a fiscal representative in Portugal?
Who needs a tax representative? All non-residents of Portugal who own property, hold a bank account or have a business there must appoint a tax representative. This includes those who live outside of Portugal for more than six months and one day.
How do I get a financial number in Portugal?
You can apply for a NIF in a few different ways. In person, by visiting the local tax office called “Finanças” or go to a citizen’s shop “loja do cidadão” (website is in Portuguese only) if that is closer to your home. Or, if you are a business, you can apply online at Finanças (website in Portuguese only).
Where do I find my numero fiscal?
How to request your numero fiscal online. Go to Impots.Gouv.fr dedicated page to request a numero fiscal. Complete the form with the personal details and then press « continuer » at the bottom of the page. A new section should open with the email address of the local tax office in bold blue writing.
Do I pay VAT on goods from Portugal?
Yes, import VAT will be due on imports of goods from the EU in the same way as for imports of goods from the rest of the world.
Do I need a VAT number Portugal?
Thresholds registration For a business registered entity on an individual or company format, to carry out Business transactions in Portugal, it is required to register for VAT. If the turnover exceeds €10,000 it is also required to account for Portuguese VAT.
What does a fiscal representative do?
A Fiscal Representative is a special type of VAT agent for foreign businesses with a VAT registration in another country. They are responsible for the correct calculation and reporting of VAT of their client, and are the first point of call for the local tax office in the case of questions or audits.
How much does fiscal representation cost in Portugal?
This is because being a fiscal representative carries certain obligations and the person or company can be held liable. This is typically something like €200 for the NIF and then €200 per year for fiscal representation, although fees vary from around €50 to as much as €1,000.