IVA fraud robs Portugal of €11.3 billion over five years
European commissioner Pierre Moscovici is on the warpath, demanding ‘action’. The reason: IVA fraud is robbing the EU of billions. In Portugal, the €11.3 billion ‘lost’ to state coffers since
Nice view? Lots of sun? Prepare for a rates bill increase!
Houses up for revaluation may find themselves paying higher rates if they get lots of sun, or have a “privileged view”. Jornal de Notícias has broken the news, suggesting the
Portugal’s tax on used cars entering country “violates EU rules of free circulation of goods”
The European Court of Justice has ruled on a point that has become a bone of contention to many expats: Portugal’s tax on used cars being imported from member states
Confusion as new restaurant IVA (VAT) regime just two weeks away
Just two weeks from the (re)introduction of 13% VAT on certain items in restaurants, businesses are said to be confused and apprehensive. The problem is that while IVA used to
New law halts sale of family homes for tax debts
From tomorrow, families owing money to the State cannot be forcibly evicted from their homes as these are put up for sale. After years of misery that have seen thousands
Tax on “more polluting petrol cars” to be increased
Among tweaks to the PS government’s controversial State Budget is the proposal to tax the “more polluting petrol cars” in favour of those with less emissions, writes Correio da Manhã.
Restaurants ready to hire new staff when IVA drops to 13%
A study has found that two thirds (77%) of Portugal’s restaurants will hire more staff when the sector’s IVA (VAT) rate drops 10 percentage points from its current 23%, and
Increased fuel taxes net government €100 million
Energy minister Jorge Moreira e Silva – receiving flak following his announcement last week that the government hoped to save fuel by encouraging public sector workers to ride bicycles –
Portimão mayoress accused of axing reviled tax with “elections in mind”
Portimão mayoress Isilda Gomes is once again in the hot seat for her council’s unexpected plan to revoke the town’s reviled civil protection tax. While everyone is happy to see
“Taxes and little taxes” have now exceeded 100
It’s a grim headline used by ionline to highlight the extent of pressure on Portugal’s beleaguered restaurant sector. One of the most recent examples, says the paper, has been the