IRS Jovem: Tax incentive for young professionals
27/01/2025 What is IRS Jovem? IRS Jovem is a Portuguese tax regime that aims to encourage young people to enter the labour market by granting Personal Income Tax (PIT) exemptions on employment or self-employment income (PIT categories A and B), from Portuguese or foreign sources, earned by taxpayers resident in Portugal. This regime is available …
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Taxation of cryptoassets in Portugal (2025)
19/02/2025 What are Cryptoassets? Cryptoassets are digital representations of value or rights that can be transferred and stored electronically, using distributed ledger technology (such as blockchain). Although they can be used as a means of payment, their primary function has been investment and speculation. Examples of cryptoassets include: Cryptocurrencies– Digital currencies such as Bitcoin and …
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Taxation of unit-linked life insurance policies in Portugal (2025)
07/03/2025 What are unit-linked insurance policies? Unit-linked insurance policies are financial instruments that combine life insurance elements with an investment component, allowing capital accumulation with flexible management of invested funds. This product is particularly attractive from a tax perspective, especially for tax residents in Portugal. How are unit-linked insurance policies taxed in Portugal? As life …
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Taxation of Financial Income (Interest, Dividends and Capital Gains) under Portuguese Personal Income Tax
23/07/2025 The taxation of investment income is of particular relevance to investors and savers. These types of income fall within Categories E and G of the Portuguese Personal Income Tax (PIT), depending on their nature, and are subject to a tax regime that combines progressive rates, flat rates, and, in some cases, exemptions. Understanding the …
Sale of Inheritance Share: No Personal Income Taxation
The Portuguese Supreme Administrative Court (STA) has unified case law by ruling, in Decision no. 7/2025 (29 April 2025), that the sale of an inheritance share (quinhão hereditário) is not subject to Personal Income Tax (IRS) as a capital gain. This is a significant milestone in clarifying the regime applicable to the transfer of an heir’s position …
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Update to the Portuguese list of tax havens
08/09/2025 Ministerial Order no. 292/2025, of 5 September, has amended Ministerial Order no. 150/2004, of 13 February, excluding the following jurisdictions from Portugal’s list of countries, territories, and regions with clearly more favourable tax regimes: Hong Kong Special Administrative Region Principality of Liechtenstein Oriental Republic of Uruguay The decision results from formal requests submitted by …
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Termination of Employment Contract and Protection of Employees’ rights In Armenia
What are the grounds for termination of employment contract in Armenia? According to the Labor Code of Armenia (hereinafter also referred as “The Code”): The employment contract is terminated: by the agreement of the parties. at the initiative of the employee. at the initiative of the employer. How is an employment contract …
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MENODIVORCE OR MENOPAUSE? : FEELING OUT OF CONTROL THIS CHRISTMAS
By Sarah Barr-Young, Head of Jones Myers’ Financial Remedies Department in Harrogate A series of studies has highlighted a connection between menopause and divorce – with many women attributing the menopause as a key factor in their relationship breakdown.
MEDIATION, ARBITRATION, COLLABORATIVE LAW, COURT? THE BEST OPTION FOR YOU
By Jones Myers Partner, Nicki Mitchell, Family Law Mediator and Collaborative Family Lawyer As an experienced Family Law Mediator and Collaborative Family Lawyer with extensive expertise in litigation, I understand the challenges facing separating couples in finding the right way to divorce for their individual circumstances.
The UAE’s 2025 Overhaul of the Commercial Companies Law: What companies Need to Know
Federal Decree-Law No. 20 of 2025 introduces a wide-ranging set of amendments to the Commercial Companies Law (Federal Decree-Law No. 32 of 2021). The reforms clarify the interface between onshore and free-zone regimes, strengthen the legal framework for investment and governance, and provide greater flexibility in corporate structuring and capital arrangements. While free-zone entities remain …