Tax

Portugal’s tax revenue increased by 11% up to April, to €17.4Bn, driven by VAT and IRS, according to budget execution data released today by the Directorate-General for the Budget (DGO). “In [...]

The Bank of Portugal has warned that reducing taxes through VAT cuts is not the best or only way to foster wealth redistribution in society and that other tax measures need to be included in the [...]

Portugal’s revamped Non-Habitual Residents (NHR) regime has posted a record in tax expenditure, representing more than 66% of IRS tax benefits. The transitional regime led to a rush of [...]

Text: Chris Graeme Photo: Fernando Bento (ICPT) Low productivity is one of the main stumbling blocks to economic growth in Portugal according to Portugal’s Minister of Finances, Joaquim Miranda [...]

Portugal’s Minister of Finances in the current caretaker government, Joaquim Miranda Sarmento, says there is room for “ambitious IRS tax cuts” if it wins the forthcoming general election on May [...]

Tax revenues on capital gains in Portugal have fallen over the past two decades according to a European Commission quarterly report. The report has an entire section on the trends and [...]

Portugal’s Government saw a package with 30 tax simplification measures approved in its parliament on Thursday, according to business daily Jornal de Negócios. Most (80%) aim to reduce context [...]

Portugal’s banking sector, represented by the Portuguese Banking Association (APB), says it is against a proposed social security levy on company profits. The Portuguese government’s [...]

That Portugal’s tax system is overly bureaucratic, stratified, burdensome and downright complicated is bemoaned by overseas investors and Portuguese businesses alike. Nevertheless, despite [...]

Portugal is in 35th place out of the 38 OECD countries in the Tax Competitiveness Index for 2024, according to the Tax Foundation’s assessment, released in Portugal by the Mais Liberdade [...]