Tax

The Council of Ministers of Portugal’s new centre-right coalition government says it is “true and undeniable” that it will fulfil its election pledge to shave €1.5Bn off IRS taxes compared to [...]

Portugal’s new Aliança Democrática (AD) government has promised to bulldoze through nine election pledge measures “immediately” including lowering IRS tax, on housing, education and European [...]

The average corporation tax paid by companies in Portugal in 2022 increased 1.4% and stood at 20.3%. And surtaxes saw a 57.7% increase on the previous year with over 22.4% of companies bearing [...]

Portugal’s tax authorities have introduced a new measure whereby assets held in offshore accounts will have to be declared from next year. The move will also include income from capital derived [...]

Portugal has been given two months by Brussels to action an EU law that stipulates that multinational companies must pay a minimum of 15% taxes on their profits. So far, Portugal has failed to [...]

Portugal is now not only losing the competitive edge on Eastern Europe in terms of manufacturing, but is also losing tax competitiveness, despite having received billions in EU levelling up funds [...]

The Portuguese government announced in their state budget for 2024, that anyone who has applied to secure NHR tax status in Portugal by December 31st, 2023, must be able to prove they have taken [...]

The government is to propose a change in the State Budget for 2024 to alleviate the 25% IRS burden on self employed professionals on green receipts. They now want to suggest replacing the current [...]

The President of the Algarve Tourism Region (RTA), André Gomes said in an interview with ECO online news that one of the objectives of his term in office is to introduce a tourism tax in all of [...]

Portugal’s budget surplus grew almost three-fold on what had been announced in August to €7.2Bn to September. In August the budget surplus had been calculated at €2.6Bn according to the Finance [...]