UK inheritance tax continues to break records
UK inheritance tax (IHT) receipts have been on an upward path for 20 years, a trend that is expected to accelerate over the coming years. HM Revenue & Customs figures
Purchasing power rose to 80.5% of EU average in 2023 – INE
According to figures released today by the National Statistics Institute (INE), between 2022 and 2023, Portugal’s Gross Domestic Product (GDP) per capita, expressed in Purchasing Power Parities (PPP), rose from
Central bank revises growth rates upwards for 2024/ 2025
But country as whole set to return to budgetary deficits According to the Bank of Portugal (BdP) ‘s December Economic Bulletin, published today, the Portuguese economy will grow by 1.7%
Economic growth ‘clearly below potential’ – government
Portugal’s assistant secretary of state for the budget said today that the Portuguese economy “hasn’t taken off” and is still “clearly below” its potential despite the “unequivocal successes” of recent
Estate planning in Portugal
You have probably spent time on your financial planning, to provide a secure future for yourself throughout retirement. Have you done the same for your future heirs? Do you have
European Commission approves disbursement of 5th tranche of PRR funding
The European Commission has today approved the disbursement of another âŹ2.9 billion to Portugal, as part of the fifth Recovery and Resilience tranche of funding, set up after the Covid
The UK budget tax reforms
The UK Chancellor, Rachel Reeves, presented her much-anticipated first Budget on October 30. It aims to strengthen the foundations of the economy and deliver change by protecting working people, fixing
Moodyâs improves rating of seven national banks
Moodyâs has improved its rating of seven Portuguese banks (CGD, Millennium BCP, Santander Totta, Novo Banco, BPI, Montepio Geral and CrĂ©dito AgrĂcola MĂștuo), also increasing the macroeconomic profile of the
Recovery and resilience funding ânot the bazooka it was promised to beâ
Lisbon councillor dubs PRR funding âa hellâ After all the high expectations, it appears the Recovery and Resilience funding (PRR) from Brussels has not been the âbazookaâ to kick start
Spend time in Portugal? Are you paying the right taxes in the right country?
If you have moved or are moving to Portugal, tax planning should be high on your priorities. Otherwise, you could easily end up paying more tax than necessary, or even