Court of auditors finds major flaws in checks on tax breaks for property funds
Around €1 million in tax exemptions unduly granted clawed back Portugal’s Court of Auditors (TdC) has found flaws in checks carried out by the country’s Tax and Customs Authority (AT)
Secretary of State suggests tax perks to lure retired emigrants back to Portugal
José Cesário wants emigrants return to live particularly in “low-density regions, where we need people with purchasing power” Portugal’s Secretary of State for Portuguese Communities, José Cesário, has defended that
PS Socialists “want to change tax exemptions for young people buying first homes”
Socialists “aware of risks”, particularly to their own popularity Expresso reports that PS Socialists are “analysing” how they can change the tax exemptions brought in by social democrats for young
Government eases rules on declaration of personal income tax
Various sources of income – including capital gains – to be exempt from declaration Portugal’s social democrat coalition government is to remove the obligation to declare income such as interest,
New land law “useless” without VAT reduction – developers’ association
“It will solve a problem of lack of land supply, but we can’t build because of the tax burden” – Hugo Santos Ferreira While welcoming reforms to Portugal’s obsolete land
Non-resident owners get tax break for putting holiday lets on rental market
Measure carries over from last government People who are not resident in Portugal but who have transferred residential property that they own out of the market for short-term rentals –
Half borough councils charge ‘minimum IMI’ pre-2025 elections
With “everything possible” being used from now on until next September by political parties to ‘score points off each other’ in the run up to the municipal elections, one form
Parliament approves tax deduction of VAT on purchases of bicycles
Portugal’s parliament has approved in committee a measure to ensure the deduction from personal income tax of the value-added tax (IVA) levied on purchases of bicycles, with or without a
Talks ongoing to stave off fine from Brussels regarding taxing large multinationals
Secretary of state for tax affairs Cláudia Reis Duarte said today that Portugal is in direct contact with Brussels and informing Europe of all the steps it has taken to
Why tax planning is so rewarding
Tax planning is an integral part of effective wealth management, and taxation should be taken into account when making decisions about your savings, investments and pensions. Whether your main objective