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?