The CEO of Ryanair, Eddie Wilson says that the airline wants to grow its position in Portugal but has warned that if costs increase they will have to move aircraft to destinations that offer the [...]
Portugal’s socialist government has pledged to cut taxes for its State Budget 2024 and has ruled out creating any new tax bands. But the government will not reveal the extent of its tax cuts [...]
Retaining current levels of public service spending in Portugal will require citizens in the long term to pay 25% more taxes and retire later. This is because people are living longer according [...]
Jerónimo Martins, the owner of the Pingo Doce supermarkets in Portugal says it will contest a tax bill of €32 million that the State says is outstanding and harks back to as far as 2012. The [...]
Portugal’s tax authorities had a good result to July this year with a budgetary surplus of 8.9%. Finanças registered a “good performance” to July, with +11.6% (Social Security contributions) and [...]
The Portuguese tax authorities coined in a record €2Bn from stamp duty in 2022, a third of it coming from transactions made by financial institutions. Some €367 million resulted from property [...]
The Portuguese tax authorities are preparing a tax sweep on Local Accommodation properties nationwide, the timing of which, given the government ‘s ‘More Housing’ clampdown on [...]
Portugal was one of the countries in the euro area which most increased the amount of IRS tax paid by top earners between 1995 and 2023. In a document released this month by the EC’s [...]
Around 29,000 company bosses were called by the Portuguese tax authorities last year to give an account of when and how they were going to pay off hundreds of millions in due taxes. In many cases [...]
Transfers to offshore tax havens from Portugal increased by 10% in 2022 to €7.4Bn, with over one-third of these transfers going into Swiss banks. According to statistics from the Portuguese tax [...]
