RCBE: New rules and obligations in Portugal
A recent publication of Ordinance n.º 233/2018, dated August 21, 2018, has clarified and specified the provisions of the Legal Regime of the Central Register of Beneficial Owners (RCBE).
2023
Antonio Costa, resigns
Portuguese Prime Minister António Costa announced his resignation after becoming embroiled in an investigation into corruption and illegal self-dealing. The announcement came a few hours after his chief of staff and… Read More "Antonio Costa, resigns
OE2024 tax proposals
Every year, the government presents its Finance Bill for the coming year to the House of Representatives. In Portugal, the debate and vote take place around October 30 and 31.
Portugal is the end of RNH
The »tax regime for nonresidents,« which caps the income taxes paid by foreign retirees and working individuals, will end in 2024, said Mr. Costa, who believes that “it no longer has… Read More "Portugal is the end of RNH
Teleworking in Portugal
In 2022, amendments to labor laws were made as part of the Labor Agenda and took effect on May 1, 2022, introducing new provisions in… Read More "Teleworking in Portugal
Portuguese real estate market holds up
This Swedish real estate crisis is causing concern among analysts, who recall the crisis in that country in the 1990s, which had led to problems for the financial system. What about the market… Read More "Portuguese real estate market holds up
The ITM exemption scheme for the acquisition of real estate for resale
The 2023 State Finance Act (OE 2023) has modified the assumptions for granting the ITM exemption on the acquisition of goods for resale.
Chega becomes Portugal's third political force
The Chega party is now considered the country's third political force, with 13.2 % of voting intentions in the latest polls.
Criteria for determining tax residence
The criteria for determining tax residency are of crucial importance in the field of international taxation.
Mais Habitação Program: Lease and Local Housing
The Portuguese government has published a proposal for measures to modify the legal regimes for local housing and property rental
Tourist rentals, Portugal proposes a new tax
The Portuguese government has proposed a new extraordinary contribution on tourist rental properties (AL) as part of its housing program.
Real estate acquisitions with cryptocurrencies in Portugal
The Portuguese Notaries Association announced that it would issue internal regulations to govern real estate purchases made using cryptocurrencies, in cases where their conversion into legal tender has not… Read More "Real estate acquisitions with cryptocurrencies in Portugal
More Housing Program: Proposals for local rentals and housing
Bill No. PL 64/XXIII/2023, dated March 3, 2023, also known as the «More Housing» bill, established a set of measures that affect, among other things… Read More "More Housing Program: Proposals for local rentals and housing
Euribor explodes, the consequences on loans in Portugal are tragic
The monthly payments of the real estate loans in Portugal will jump again not to say exploded on the contracts which will be revised next month, with increases ranging between 65 euros and 300 euros.
It's official. The government puts an end to Golden Visa
This measure, which puts an end to the concession of new "Golden Visa", is part of the pillar of the fight against money laundering.
New IRS taxation of income from cryptocurrencies
With the state budget for 2023, the government intends to move forward with a framework for taxing income from crypto assets,
Registration of companies operating with virtual assets
On January 24, 2023, was published the notice of the Bank of Portugal, which regulates virtual assets in the context of money laundering and terrorist financing.
State Budget 2023: Tax Amendments
Through this account, we cover all categories, be it cryptocurrency, household income, social security, corporate, IVA, real estate, etc.