Tax expenditure on non-habitual residents stagnated last year, compared to 2022, according to data recently released by the Tax and Customs Authority (AT). It is the first time this has happened [...]
Portugal’s government has agreed a massive booster jab package for Portuguese business by bringing IRC tax down to 19% from next year. But it remains to be seen if the Portuguese parliament or [...]
Tax authorities have discovered that €522 million in taxes are potentially missing from the country’s largest taxpayers, including individuals and companies. Portugal’s AT tax and customs [...]
The chairman of EDP, António Lobo Xavier has slammed what he calls “Portugal’s unfavourable business environment” for large investments and companies. Speaking on one of several discussion panels [...]
The International Monetary Fund (IMF) has warned Portugal that its policy to give tax breaks to young people, IRS Jovem, will result in considerable losses in tax revenues. The institution also [...]
Tax revenues in Portugal fell by almost €100 million in the first five months of the year. Taxes collected to May fell by €98.3 million like-for-like on 2023, resulting in a fall in direct taxes [...]
Investors who hold securities, shares and bonds long term are to benefit from a tax exemption on a part of the capital gains that they make under a proposed government law. The government plans [...]
The government estimates that around 370,000 people could benefit from new rules for IRS Jovem, a flagship policy that will reduce taxes for young people up to 35 years if the policy is passed by [...]
A study on the ‘Impact of IRC on the Portuguese Economy’ has concluded that reducing IRC on companies would have positive consequences for Portugal’s GDP. However, the loss of revenues for the [...]
Lisbon City Council is mulling a €2 hike on the city’s tourist tax, effectively doubling it from €2 to €4, and includes cruise ship passengers. According to Jornal de Negócios the goal is to [...]
