Fuel crisis: Government prepared to reduce IVA/ ISP on fuel in “extreme scenario”
Portugal’s government is described as “admitting the reduction of IVA and/ or ISP (taxes on fuel) in an extreme scenario in which the price of oil hits an unsustainable value
PM hints at ‘relieving tax burden on businesses’
In what media reports are describing today as a ‘pre-electoral campaign action’, PM António Costa has hinted at tax relief to help developing businesses. Speaking in Costa da Caparica –
Government starts ‘climbing down’: budget ‘could be improved’; fuel taxes could drop further…
In a week of political hurly-burly the government has started making all the right noises. As he went into a critical meeting with PCP communists and Bloco de Esquerda left-wingers
Thousands of jobs “could be saved” if government reduced IVA on food and drink
Thousands of jobs could be saved if the government reduced IVA payable on food and drink. This is the case made by AHRESP, the Portuguese association representing the catering side
What will Brexit mean for the individual’s taxation in Portugal?
Brexit spells the end of capital gains exemption on proceeds of the sale of a primary residency in Portugal for British owners reinvesting in the UK. The never-ending saga between
Overtaxed imported cars could cost Portuguese government “tens of millions of euros”
An ‘unprecedented decision’ by arbitrators in Lisbon has meant that anyone who has imported a car into the country since 2017 can seek compensation for the fact that the taxation
Study shows Portuguese businesses face 4.300 taxes – “many inexplicable”
A study released by the Confederation of Portuguese Industries (CIP) shows businesses face more than 4.300 taxes and contributions, in some cases, charges that the State can’t even explain. Performed
Tax hikes mooted as study assesses ‘enormity’ of virus-led debt
Tax hikes, along with cuts in public expenditure have been mooted in a study assessing the ‘enormity’ of debt accumulated through the pandemic. Explain reports, the economy ministry’s office of
Will UK assets invite a bigger tax bill after Brexit?
In preparation for Brexit, most UK expatriates in Portugal have secured residence or put plans in place to settle before the transition period ends in December. But the planning shouldn’t
IRS 2019 – Taxation of Income nº 8: Pensions (Category H)
Income is reported in different categories: A) Salaries, B) Sole Traders, E) Capital, F) Property, G) Capital Gains and H) Pensions and is taxable in Portugal regardless of its origin.