Tax Incentive for Scientific Research and Innovation (IFICI) in Portugal
- INLIS Consulting
- 3 days ago
- 2 min read
Portugal has introduced the Tax Incentive for Scientific Research and Innovation (IFICI) under Article 58-A of the Statute of Tax Benefits (EBF).
Tax Incentive in Portugal
This initiative aims to attract highly skilled professionals and boost research and innovation in the country. The application process has been simplified and is now entirely online.
Key Benefits
The IFICI program offers several advantages to eligible individuals:
Benefit | Details |
Special IRS Rate | A reduced IRS rate of 20% for income from categories A and B. |
IRS Exemption | Income from foreign sources (excluding category H) is exempt from IRS. |
Duration | Benefits apply for 10 consecutive years. |
Who Can Benefit?
This program is designed for:
Individuals who became tax residents in Portugal as of January 1, 2024.
Highly qualified professionals are engaged in research and innovation activities.
Companies and entities recognized by the national science and technology system, including:
AICEP Portugal Global
ANI | Agência Nacional de Inovação
IAPMEI, I.P. - Agência para a Competitividade e Inovação
Fundação para a Ciência e a Tecnologia (FCT)
Startup Portugal
Important Deadlines
Meeting the deadlines is crucial for eligibility:
Action | Deadline |
Application for registration | January 15 of the year following tax residency. |
Communication of changes | January 15 of the following year. |
For instance, if you became a tax resident in 2024, you have until March 31, 2025, to apply for registration and/or report any changes.
How to Apply
The application process is straightforward and fully online. To ensure compliance, applicants should refer to the official guidelines and FAQs for additional details.
For more information, check the official guide in the first review! 🌟
Conclusion
The IFICI initiative offers an excellent opportunity for professionals and companies in research and innovation to benefit from favorable tax conditions. If you qualify, make sure to apply before the deadline and leverage these incentives to advance your work in Portugal.