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Each year, February 25th marks the deadline for classifying your personal expenses on the AT E-Fatura portal. Proper classification is essential for distinguishing between personal and business-related expenses, ensuring you maximize potential tax deductions.

Starting January 1, 2025, Portugal will implement the new Classification of Economic Activities (CAE Rev.4), reclassifying businesses under updated codes. Companies and entrepreneurs must confirm or update their economic activity by November 30, 2024.

Navigating Portugal’s tax system can be a challenge, as one marketing professional learned the hard way. After relocating, they unknowingly ended up in the wrong VAT regime due to an immigration agency’s oversight—leading to unexpected penalties and financial losses.

Moving to a new country comes with financial challenges, especially when it comes to taxes. In this case study, we explore how Kilobanan helped an IT professional relocating to Portugal optimize his tax strategy while planning for future business investments.

Think all your business expenses are deductible for income tax and VAT? Not so fast—Portuguese tax rules can be tricky! If you're an entrepreneur (Trabalhador Independente), understanding the Simplified Regime and Organized Accounting is crucial.

Portugal's cryptocurrency tax framework, introduced in 2023, clarifies how individuals and businesses can legally operate with crypto. Portugal has seen significant growth of startups and companies operating in the cryptocurrency and blockchain sector, benefiting from the country's innovation ecosystem and governmental support to new technologies.

Portugal’s Non-Habitual Resident (NHR) regime offered significant tax advantages for new tax residents, particularly entrepreneurs and highly skilled professionals, by allowing exemptions or reduced rates on foreign and certain domestic income. Although canceled for new applicants since 2024, those already under NHR can still benefit for up to 10 years.

The eCommerce industry is booming, but navigating taxation and compliance—especially in Portugal—can be complex. The EU's One-Stop-Shop (OSS) simplifies VAT compliance for cross-border sales, yet major eCommerce platforms like Amazon and Shopify fall short in fully meeting local invoicing regulations.

Choosing the Best Tax Regime for Your Business in Portugal: Simplified vs. Organized Accounting – Entrepreneurs and companies in Portugal face different tax structures, with options that impact income tax, VAT, and social security.

Kilobanan was founded to help entrepreneurs launch and grow their businesses without operational roadblocks, after the founder struggled to find a responsive and knowledgeable accounting partner.