Portugal’s new finance minister and ex-mayor of Lisbon, Fernando Medina, delivered the government’s State Budget for 2022 at the end of last week. The two new main takeaways are that because of [...]

The Portuguese national carrier TAP lost a 5% share in passengers at Lisbon’s Humberto Delgado airport in the last quarter of 2021 like-for-like on 2020. This is according to the quarterly [...]

In a bold election pledge, the conservative PSD party says it will slash business tax to as little as 17% by 2025. The party led by Rui Rio has also promised a total reduction by €800 million on [...]

The leader of Portugal’s centre-right PSD party said this weekend that it is unacceptable that the country’s middle class is being “smothered by taxes”. Rui Rio made the comments in the closing [...]

The Portuguese Government is to allow companies in certain sectors in tax arrears because of Covid-19 to continue paying them off in instalments. Companies in the restaurant and hospitality [...]

The Portuguese parliament gave the green light on Friday for the tax authorities to allow tax payers to pay into a current account. It means that tax payers who have tax debts (for example, [...]

The Portuguese Government is to create two new income tax brackets. It is doing this so it can begin to reduce the tax burden that is currently falling on the Portuguese middle class. The [...]

Portugal’s Minister of Finance João Leão has pledged that despite a review of tax brackets, no Portuguese will see a rise in taxes. After delivering the proposed State Budget 2022 to the [...]

The Portuguese Government is looking to officially scrap tax deduction at source for all companies in the State Budget for 2022. Although it has not been mandatory to pay the up front tax [...]

Portugal’s real estate sector is optimistic as to the current growth trend but fears that changes in taxes could slow the sector’s recovery and scare away overseas investors. After the last [...]