The hidden perils of holding property assets offshore
The allure of Portugal’s picturesque landscapes, warm climate, and rich cultural heritage has long attracted expat property owners. For many years, purchasing property through a limited company has been a
If economy gets worse, government will increase budget deficit – minister
Portugal’s minister of finance, Fernando Medina, said on Friday that the government is not stuck to this year’s budget deficit target and will allow it to be higher if economic
Economic recession risk far away – finance minister
Portugal buoyed by revised economic forecasts from Brussels Portugal’s finance minister, Fernando Medina, reacted to revised macroeconomic forecasts released by Brussels today saying the risk of economic recession in Portugal
Portugal’s economy resists war and Covid
Inflation slows; economic growth registers fastest rate since 1987 The last day in January brought good news at last for Portugal’s PS absolute majority government following weeks in which media
Economy grew 6.7% in 2022, fastest rate since 1987
Portugal’s economy grew by 6.7% last year, its fastest rate since 1987, according to a flash estimate released today by National Statistics Institute INE. The rate of growth in gross
PM convinced economy will grow more than initially forecast
António Costa kicks off “Closer Government” initiative Portugal’s prime minister, António Costa, has said that economic indicators reinforce his conviction that the economy will grow more than initially forecast. “There
Portuguese economy closes year “even better than predicted”
Growth of 6.8% is 0.3 percentage points above (even revised) estimates Finance minister Fernando Medina – under continued pressure over the ongoing TAP golden handshake row (see new story to
Economists “acknowledge possibility of mild recession next year”
In what must be one of the deafest “acknowledgments” of the festive period, economists have told Lusa that there is ‘the possibility of a mild recession next year’. “Portugal’s economy
End-of-year outlook worrying for hospitality industry – association survey
Restaurants and tourist accommodation businesses call for reduced VAT rates on food and energy The hospitality and catering sector, which has seen increases in raw material costs of up to
A new service aims to end the misery of tax uncertainty for expats
Fresh Portugal, a Portuguese desk of an international law group specialising in taxation, has announced FreshReturns, an on-line service specifically designed to support expats in filing their tax returns correctly classify