The purpose of the service was to end NHR confusion and offer expats, for the first time, a reliable solution designed specifically for NHR tax returns.
The service, still open for early access, is the first of its kind and is meant to solve many confusions and inaccurate tax reporting in the expat community.
Everyone living in Portugal with foreign income needs to file a tax return at the end of each tax year in Portugal.
However, due to the complexity of the NHR scheme, this is well beyond the abilities of most expats and high street accountants are struggling to cope with income types rarely seen before in Portugal, such as income from U.S. LLCs and S-Corps, UK Ltds, different types of savings accounts etc, as well as complex concepts such as foreign-sourced income and double taxation treaties. This led to errors in submission and overpayment of taxes.
On this backdrop, Fresh Portugal, a specialist tax advisory normally advising high-net-worth individuals moving to Portugal, decided to create a tax return service that would be affordable for any expat.
Fresh Portugal now reveals that early next year, an online service that includes a tax calculator covering typical income type of expats, will be released and made available for free to people who signed up for early access and this tax calculator will evolve, ahead of the tax season, to a fully-fledged web service where expats can enter their income in a clear interface and using plain English.
Said income will then be checked by a senior tax advisor ahead of submission.
After helping hundreds of expats, normally those with high income, Fresh Portugal has already Joana the tax bot, an automated chatbot that provides basic advice to expat on taxation in Portugal. With the launch of FreshReturns, a service at an affordable price point, Fresh Portugal is completing its offering to all expats in Portugal and aims to bring NHR confusion to an end.