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.
The RNH, which allows foreign pensioners to benefit from a total exemption from income tax on their private-sector pensions, has come in for some criticism in recent years not only from Portuguese taxpayers, but also from certain politicians and political parties.
Portugal set a target on Tuesday of achieving a budget surplus in 2020 for the first time in 45 years of democracy, thanks to solid economic growth.
For several years now, the success of the tourism sector in Portugal has not wavered. This year again, Portugal continues its rise to the rank of the best destinations in the world.
Portugal's minimum wage will increase by almost 6 % in 2020, the socialist government announced on Wednesday. It will rise to 740 euros gross per month over 12 months from the current 700.
The tax reform for non-resident French citizens that was due to take effect in January 2020 has been postponed until January 1, 2021.
You've been thinking about investing abroad for some time now. Whether you want to buy a second home, or invest in property in Porto.
Antonio Costa, who has just been re-elected, unveiled his new government a few days ago. Unlike his first term, this time he should not be in possession of the majority, we explain.
Not a week goes by without you or us receiving information or a travel offer for Portugal. The country has become a tourist destination to be reckoned with.
The new government of Antonio Costa, has as its main objective to increase the minimum wage by 25% over 4 years.
Regressar program, the government changes the rules The government has just modified the Regressar program to broaden the universe of this public policy instrument. The aim is to facilitate access for Portuguese nationals wishing to return home.... Read More "REGRESSAR PROGRAM THE GOVERNMENT RELAXES THE RULES
We told you about it several months ago. The public portal info-retraite.fr has launched "Ma retraite à l'étranger". This online service enables you to receive and return your certificate of existence directly via the Internet.
Yesterday Sunday was held the legislative elections in Portugal to elect the new government for the next 4 years. Antonio Costa, the outgoing Prime Minister, was on the list for a second term.
An article written by Portuguese academics was published in the newspaper Público to note that the French language in Portugal is on the rise.
The French government has just published the latest Finance Act, which abolishes the withholding tax for non-resident French citizens.
On October 6, the Portuguese people will go to the polls to elect the 230 members of the Portuguese National Assembly and the Prime Minister.
Your parents or members of your family have moved to Portugal for their retirement. In order to benefit from its tax advantages. What about the rights applicable after the death of one of them.
An employment contract is a type of contract in which one person undertakes to perform work for another in return for remuneration. Depending on the legal system, the notion of contract does not cover exactly the same things.
Labor Code in Portugal, what changes on October 1, 2019 The reform of part of the labor code in Portugal will have a direct impact on the labor market. Both for the... Read More "LABOR CODE WHAT'S CHANGING IN OCTOBER
September means back to work, and October means legislation. A new wave of legislation is about to be introduced that will have a real impact on citizens and businesses alike.
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