The filing period for submitting Modelo 720 “informative declaration on assets and rights located abroad” for fiscal year 2023 is from January 1 to March 31, 2024. Modelo 721 for cryptos has the same filing period. Modelo 720 for assets abroad Taxpayers must report on...
An Accidental American is someone whom US law deems to be an American citizen, but who has only a tenuous connection with that country. American nationality law provides that anyone born on US territory is a US citizen, including those who leave as infants or young...
What is a patrimonial company? Its purposes. It is one that is not dedicated to developing economic activities as its main activity, but to the administration of assets, generally composed of securities or real estate. It is defined in article 5, section 2, of the...
With 2023 rapidly coming to a close, the Internal Revenue Service today encouraged taxpayers to review their tax withholding as soon as possible to avoid a potential surprise when they file their tax return next year. Although it’s best for taxpayers to verify...
According to the Nomad Report 2023 from the rental property platform Flation, Portugal has emerged as the top choice for digital nomads, with 27% of survey participants selecting it as the most attractive destination. Portugal is an excellent place to live. The crime...
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