1. Interest on pensioners’ savings accounts (contas poupança-reformados) opened in accordance with the law is exempt from personal income tax (IRS) on the part of the balance that does not exceed EUR 10,500.
1 - Beneficiam de isenção de IRS os juros das contas poupança-reformados, constituídas nos termos legais, na parte cujo saldo não ultrapasse (euro) 10 500.
2. Each taxpayer may use the tax benefit provided for in the preceding paragraph only in respect of a single account held by that taxpayer.
2 - O benefício fiscal previsto no número anterior apenas pode ser utilizado por sujeito passivo relativamente a uma única conta de que seja titular.
The IRS exemption for interest on the balance up to EUR 10,500 and the limit of one account per taxpayer are retained.
We check eligibility for IFICI, the Madeira regime, the start-up and capitalisation incentives and the property benefits, prepare the registrations and claims, and model what the benefit is worth, in English. A written answer and a fixed quote within one working day.
Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.