The Portuguese tax authorities lost hundreds of million of euros in lost taxes in 2018 as around €9Bn were transferred to offshore bank accounts in 2018. Half of the total was transferred to [...]
A Portuguese tax break regime aimed at European Union citizens created in 2009 to attract talent and investment is to be reviewed. The Non-Habitual Residence regime, which has moslty attracted [...]
Portugal’s tax revenues now represents a record 35.4% of it GDP – the highest since 2015. The figures, released by the National Statistics Institute this week, show that Portugal has seen [...]
The Portuguese tax authorities are offering a non-tax incentive to overseas visitors. Finanças will create a new regime of electronic invoices focusing on non-resident citizens in Portugal, in [...]
The Portuguese tax authorities are getting tougher on outstanding taxes raking in an extra €1.06Bn in unpaid taxes, up 26% on 2017. This is according to data from the State’s provisional accounts [...]
Landlords taking out comprehensive insurance cover for rental properties cannot offset the costs against their taxes. Only obligatory insurance is tax-deductible against income for IRS. The rules [...]
The number of property and goods seizures by Portuguese tax authority bailiffs are falling thanks to the continuing robustness of the economy. From January to November 2018, 16,073 properties [...]
A new law which will reduce income tax rates for single persons with property to rent, creating tax breaks for those wanting to build housing to rent out at affordable rents, has been passed by [...]
Tax payers earning €653 per month or less will not pay income tax from next year. The tax deductible amount will rise from €428.9. It means that those with an annual net income of up to €9,150.96 [...]
