The Core Principle
US citizens are taxed on worldwide income regardless of residency. Moving to Portugal does not eliminate US obligations.
What IFICI Is
New Portuguese tax residents can access a flat 20% rate on qualifying Portuguese-sourced income for ten years.
Property Acquisition Taxes
| Tax | Rate |
|---|---|
| IMT (Transfer Tax) | 0–8% |
| Stamp Duty | 0.8% |
| IMI (Annual) | 0.3–0.45% |
US Reporting Obligations
- FBAR if accounts exceed $10,000
- Form 8938 (FATCA)
- Form 1116 (Foreign Tax Credit)
Editorial Intelligence — Not Legal or Tax Advice
This article provides editorial analysis only. Engage a qualified Portuguese attorney and tax professional before any property transaction.