Confusion about 2023 IRS return

You should always go to an accountant, but my understanding is this:

1. No.

You should only fill in annex J - frame 4, because your income obtained abroad in 2023 probably relates to an account settlement with the end of your employment contract and is not high value-added income, so you should not fill in annex L.

2. Yes.

Capital Income obtained abroad: J - frame 8

https://www.doutorfinancas.pt/impostos/ … er-no-irs/

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https://ind.millenniumbcp.pt/pt/geral/f … -2023.aspx

Have a look at

https://www.youtube.com/watch?v=7ZT78O0tpus

and

https://freshportugal.com/post/the-defi … al---2023-

@JohnnyPT

Annex L is filed whenever a taxpayer has an NHR status. So, in this case, it's obligatory.

OK, I explained myself badly.

Filling in Annex L is used to obtain tax benefits resulting from NHR status.

If you look at Annex L and the benefits given with this status, you'll see that they are from:

A. income obtained from work abroad or in Portugal related to HIGH VALUE ADDED ACTIVITIES.

B. Or income from pensions.

This means that Annex L should only be filled in with income from pensions (assuming there are pensions paid) but not with income from work, since in 2023, and for the question above, there is no income from high value-added activities inside or outside Portugal.

I would recommend gong to an experienced accountant with good access to Financas. He will do the tax declaration for you and explain what he did. Based on this explanation and assuming nothing major changes one can easily do the declaration without an accountant in the coming years. This, however, assumes that there are no relevant changes to the tax legislation.

@JohnnyPT

Thank you very much for your reply!

Always so professional and timely.

I will try to do it myself as I'm learning about tax law and I'm also thinking of seeking the help of an accountant.

I have another question: I opened an account in a bank (which is not in Portugal) and after the successful opening of the account, the bank gave me an incentive of about 40 euros, does it need to be counted in the income line of the IRS?

@ctomac

Thank you!

This is a great video, told in great detail.

@EstrellaGalicia

Thank you for the reply!

@TGCampo

Thank you for the reply!

Can you give me the contact info for this accountant? Is his quote high?

    @TGCampo
Thank you for the reply!

Can you give me the contact info for this accountant? Is his quote high?-@sandraawilliams153

Early on I was dealing with BDO and only selected them because a friend was CEO in Dubai. It is an international accounting company like EY or Deloitte. They were not cheap, but I only used them for 1 year.

quick question: most people who have  had income thru stocks etc have to indicate the pais de contraparte in annexo J  of modelo 3.  Most people in fact all use online brokers and the online broker would not give this information( country of the person who the stock has been sold to).  How are people navigating this?

thank you

Even if it's an online broker, there's always a financial company that created that website. That company has a country where it pays taxes, it is registered, it has a tax ID, etc.

In the "país da contraparte" box, the country of residence of the counterparty must be indicated...

https://www.google.com/url?sa=t&sou … HLbV0P23AA

@JohnnyPT

thank you for your reply. so basically this is referring to the broker's  financial information( like where it is registered).

for example, if you used a Portuguese broker it would be Portugal

if a Netherlands  broker then it would be Netherlands such as  a broker like degiro.

please confirm if possible. thank you

It's up to you to confirm where your broker is registered... not me. I only answered about one field on the tax IRS form ... Anexo J - rendimentos obtidos no estrangeiro ...

Regarding Degiro, I got this information because this broker also operates in Portugal.

https://www.degiro.pt/centro-de-conheci … -corretora

A flatexDEGIRO Bank Dutch Branch, uma sucursal estrangeira do flatexDEGIRO Bank AG | Amstelplein 1, 1096HA Amesterdão | telefone: +351 308 804 692 | e-mail: clientes@degiro.pt | A flatexDEGIRO Bank Dutch Branch está registada na Câmara de Comércio Holandesa com o número 82510245. | A flatexDEGIRO Bank Dutch Branch, que actua sob o nome DEGIRO, é a sucursal holandesa do flatexDEGIRO Bank AG. O flatexDEGIRO Bank AG é supervisionado primariamente pelo regulador financeiro alemão (BaFin). Nos Países Baixos, a flatexDEGIRO Bank Dutch Branch está registada no DNB e é supervisionada pela AFM e pelo DNB. | O flatexDEGIRO Bank AG é um banco alemão licenciado, supervisionado pelo regulador financeiro alemão e registado na Câmara de Comércio Alemã sob o número HRB 105687.

Another question : is it possible to receive your notice of assessment once IRS is assesed entirely online or is it also sent  by post?

i would like it be sent entirely online and nothing by post.

Secondly, if AT requires more information after submission of modeli 3 like documents to support claims made in modelo 3, are notifications sent online or by post. i would not like to receive by post.

what must I do in the portal to activate this? thank you

AT always informs taxpayers (about their IRS tax situation) either by post/conventional mail or by a digital mailbox, viaCTT.  And never by email.

If you don't want to receive notifications by post, you'll need to create a viaCTT account using your email address. Then, in viaCTT website, you must subscribe to AT notifications.

Then you need to go to the AT website (portal das finanças) and change the parameters so that you only receive notifications by viaCTT mailbox.

https://www.ctt.pt/particulares/receber/viactt/

(Select Criar Caixa = create digital mailbox)

Isnt it the same thing? under canais de notificão  i have 3 options

Portal das financas   desativar

ctt                                 ativar

postal                           Detalhes

when I click on detalhes,  it opens a new tab and says desejo receber emails and there is a check mark next to it.

isnt having a CTT mailbox does the same thing as receiving notifications on portal das financas. Atleast for now, each time there is something waiting in portal das financas, I get an email saying there is a message waiting.

i am unsure if I can receive my tax situation letters in such a way. please confirm if possible.

thank you

In the "canais de comunicação" section  you must have ViaCTT active. ViaCTT takes precedence over Via Postal. If it says "activar", then it's waiting to be activated...

ViaCTT and Via Postal must both be active. Both channels must be legitimised. This is done through messages via links in email and SMS that you will have to confirm.

https://sitfiscal.portaldasfinancas.gov … todos.html

So in  AT portal , I clicked viaCTT and tried to activate it and I get the following message

"O processo de adesão às Notificações Eletrónicas ficará concluído assim que recebermos da ViaCTT a informação de que a sua conta está activa."

on the other hand, I created the CTT account with my NIF etc and I have the also gotten the following email which tells me how to activate it without going to a loja de ctt

3 - PORTAL DAS FINANÇAS

Adira às Notificações Eletrónicas no Portal das Finanças (www.portaldasfinancas.gov.pt).

A adesão efetuada por este modo garante automaticamente a identificação pessoal do titular da caixa (seja pessoa particular ou pessoa coletiva), não sendo necessário qualquer identificação adicional com o serviço ViaCTT.

Now I am little confused if CTT is going to inform AT without   account being fully active ( identity verified) or I do need to go to a loja?

thank you

"O processo de adesão às Notificações Eletrónicas ficará concluído assim que recebermos da ViaCTT a informação de que a sua conta está activa."

    -@frescura

The answer is here. You don't need to go to a loja CTT. Just waiting a couple of days and check if ViaCTT is already active/"Ativo"...

Thank you. just out of curiosity, the ctt caixa electronico has a method of verifying your identity thru chaves de ativacao . I believe a code is mailed by registered post. but the big question is how you even order that? was not able to find.

any ideas. thank you for looking into this.

@JohnnyPT

JohnnyPT,

Belatedly, I've just come across the instructions to Anexo L which say for who the Annex is designed:

QUEM DEVE APRESENTAR O ANEXO L: O titular de rendimentos que se encontre registado, para efeitos fiscais, como residente não habitual em território português (the income holder who's registered for tax purposes as a non-habitual resident in the Portuguese territory).

So, I guess, everyone who's been granted the NHR status (and the said status is still in effect) must file that Annex (since the verb 'dever' implies an obligation, not a choice).

@EstrellaGalicia, 

True. If you're NHR, you have to fill in Anexo L (IRS).

https://www.doutorfinancas.pt/impostos/ … zer-o-irs/

https://www.doutorfinancas.pt/impostos/ … r/#anexo-l

@JohnnyPT  Is this message  normal even for people with cartao de cidadao as I am not a portuguese citizen.

I went to loja and lady at the counter had no idea how to activate it  and on the other hand,  my CTTvia is still not activated and I have the same message: that will be activated when ctt sends them the info.

anybody dealt with this? how long did it take to get it activated?

thank you

@frescura,

I have no idea what step you're on. ... When I created and activated viactt, I didn't need to go anywhere.

HOW TO ACTIVATE VIA CTT ON THE PORTAL DAS FINANÇAS 

https://www.idnet.pt/base-conhecimento/ … -financas/

Thank you so much for the screenshots. the issue with my account is that when I am at step 4 and I click aderir, this message appears O processo de adesão às Notificações Eletrónicas ficará concluído assim que recebermos da ViaCTT a informação de que a sua conta está activa."

but I went on step 5  independently on ctt caixa electronica and created my account which is fully funcional.

Issue is the link between the two sites at step 8 which never happened.

I am not sure how to resolve this issue

@frescura,

Have you subscribed AT Finanças entity (entidade) on the viaCTT website?

I think you'll have to wait for AT to be informed by viaCTT. This happens with all entities subscribed to viaCTT, not just AT. I don't remember how long it takes to become active...

@JohnnyPT the modelo 3  2023 irs wants you list all tour bank accounts. is it all accounts to date or only accounts held/ open closed until dec 31 2023?

thank you