New Trust Tax in Portugal

New tax laws in Portugal now tax trust distributions to residents of Portugal. Trust distributions that previously went untaxed in the country, will now be taxed at 28% for income distributions.

See Simon Danaher, Trusts in Portugal to be Taxed for First Time, International Advisor, Jan. 5, 2015.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.