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Know-How

Taxation of unit linked life insurance policies under personal income tax in Portugal

31-03-2021

An unit linked life insurance is a bilateral and onerous financial instrument, defined by Portuguese legislation as a structured savings instrument and also as a complex financial instrument, which can present advantages from a fiscal point of view, but that also implies the fulfilment of certain obligations, thus caution and prudence should be taken when subscribing this type of financial instrument.