The government is considering the possibility of covering part of the increase in the minimum wage through the state budget. This measure, which involves covering part of the single social tax (ISU), corresponding to the increase in charges linked to the 30 euro increase in the national minimum wage, will be financed by the state budget.
Aveiro, also known as [Little Venice], is a city loved by tourists, but it's also home to a digital test park.
If the 2021 budget passes in state, next year could bring new social support, wage and pension increases, and relief from the IRS.
You are about to start your new activity as an auto-entrepreneur in Portugal, however, before you can invoice your clients, there is a mandatory step that must be done in order to be in compliance with the law and the financial services.
One of the priorities when you settle in Portugal for tax purposes is to register with the Portuguese social security system. This operation must be carried out whether you are retired or active.
Social Security announced to open an extraordinary period for applications for support related to Covid -19 for self-employed and members of statutory bodies.
International double taxation is one of the main obstacles to cross-border trade and investment, and to the free movement of people, goods, services and capital within the European Union.
Self-employed workers in Portugal without social protection can now apply for support under the government's Covid-19 measures.
The Council of Ministers announced last Thursday that the whole of mainland Portugal would return to an emergency situation from September 15.
It's official: the Portuguese government will soon be launching its StayAway Covid application, designed to enable citizens to find out if there are any infected people around them.
The real estate market in Portugal enjoyed a first-half 2020 virtually unchanged from last year, despite the pandemic. Despite the covid-19 crisis, real estate activity remained virtually unchanged from the first half of 2019.
Self-employed entrepreneurs, must proceed by the end of the month to their tax return related to the month of April, May and June of this year.
According to the monthly survey by the Portuguese Association of Hotels, Restaurants and Similar Establishments (AHRESP), almost 40% of catering businesses and 18% of tourist accommodation are planning to close their doors.
A sad news fell yesterday at the end of the day, we had announced to you on May 7, that the government was studying in the parliament an amendment allowing the managing partners and auto entrepreneur to benefit from a financial aid complementary to the one of the social security linked to the covid-19.
Last year, household consumption in Portugal was 14 % below the EU average, according to Eurostat data. This performance shows an improvement on 2018.
As an EU national who settles in Portugal for tax purposes, you must register your car in Portugal as long as you are the holder of the registration certificate, the owner of the vehicle or the user of a vehicle that you do not own (for example, a family member)
The Minister of Economy revealed earlier this week that the government will propose a change in the calculation of the IRC payment to adapt to the circumstances of the pandemic.
As you know, being a resident of France, Belgium or Switzerland does not entitle you to live in Portugal for tax purposes. Portugal has always required European nationals to apply for a 5-year residence certificate.
Just like the self-employed, the government should vote this Thursday a new aid related to the pandemic, allowing the managing partners to breathe a little.
Some trades are still facing great difficulties and the Portuguese government has just implemented a new social aid for the self-employed in Portugal, which should be voted this Thursday at the Council of Ministers.
As part of the support measures in place to help businesses cope with the economic situation and as part of the recovery of micro-enterprises. The government is providing non-refundable grants of up to 80 % for investments to create pandemic-friendly health conditions.
At last we're going to be able to reopen our offices in Porto and Esmoriz and resume "normal" activity, even though during this long period of confinement we've managed, despite a few difficulties, to finalize and continue our work and see our dossiers through to completion.
We spoke to you about it a few days ago in an article, the government has just communicated on the progress of the deconfinement which should if all goes well begin on May 4.
Since the beginning of the quarantine, the government and the social security system have put in place different aids for companies and employees who have seen their activity stopped since the beginning of the containment.
The median value at which banks value properties for credit purposes fell to 1,110 euros in March. The effects of the pandemic are already being felt ...
The exit from containment is being prepared and the Council of Ministers is preparing the deconfinement in Portugal after several weeks of containment.
Since the beginning of the containment, we have noticed that some people have taken advantage of this situation to increase their margins, even to the point of increasing the price of gas in Portugal.
Finally some good news after weeks of confinement: Portuguese social security will pay 100% of salaries.
In these very difficult times, for employees and entrepreneurs. The Portuguese government has put in place several measures to help everyone. Through this article, we will explain how to... Read More "HOW TO APPLY FOR AN IHRU LOAN
Portugal, like the rest of Europe and the world, is going through an unprecedented health crisis. The current government has implemented several reforms, including the postponement of social security contributions, in order to help the different companies in Portugal and allow them to survive during this crisis.
Taxation of property income in the event of expatriation Property income is determined by the difference between the gross income received during the tax year and the total property expenses incurred during that year.... Read More "TAXATION OF PROPERTY INCOME IN THE EVENT OF EXPATRIATION
We are going through a period, which is going to hurt all the companies in Portugal but also in the rest of Europe. Each government is deploying its weapons to keep their companies afloat, with the obvious aim of avoiding an economic crisis linked to covid-19.
You have just completed the declaration of activity. Now it's time to bill for your hours. Issuing green receipts is relatively easy, even if you don't speak fluent Portuguese.
When you take the different steps to settle in Portugal, you must go to many state agencies. For example social security, taxes, etc. In the past, you had to provide many copies of your various documents, fortunately things have changed.
The first thing to do when you set up your main residence and therefore your tax residence in Portugal is to register with the Portuguese health service. If you are employed by a local company, you do not need to worry about this, your employer will take care of registering you with the social security. However, for your children and your spouse, you will have to do it yourself.
We have been announcing it to you since December and it is in this end of January 2020 that things have become concrete. The socialist government has made a proposal for a law for the 2020 budget, which will definitively reform the non-habitual resident status of foreign retirees, of course if it is voted.
A few days ago, we told you that the Portuguese government was thinking about a reform of the status of non-habitual resident. This rumor has been confirmed yesterday.
Climate, cost of living, public health system... Based on multiple criteria, the US News website has established which is the best country in the world for you dear retirees.
At the time of writing, the foreign press is announcing the end of the RNH status for retirees, when is it really
The foreign press has the unfortunate tendency to always present Portugal as a warm country, offering 300 days of sunshine a year, where the cost of living is low, etc. Unfortunately, the reality is very different.
Portugal has been voted by [International Living magazine] as the best destination for retirees to live in 2020, a result of the Global Retirement Index study, which each year lists the countries that offer the best living conditions for retirees to enjoy retirement.
The year 2020 starts strong for the Portuguese government, as the tax administration has reluctantly decided to reform the way of calculating the IUC for vehicles imported by Portuguese citizens or foreigners.
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