I have some term deposits in Portugal. Does the bank pull the 28% tax out once the fund matures before depositing into a current account or am I responsible for paying the state? Do I file a tax return for these deposits or is it treated like the VAT already paid?
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I have term deposits in PT. The bank made an automatic deduction on maturity before depositing the balance in my current account.
But my accountant also claimed some of that back in my PT tax return ( which I filed as a PT tax resident with NHR).
Thanks, that helps. Iām currently a non-resident, but as long as the taxes are paid, I should be able to figure out the filing, if any.