The Order of Notaries in Portugal has announced that it will publish an internal regulation to regulate real estate acquisitions made with crypto-currencies, in cases where their conversion into legal tender does not take place.
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.
This measure, which puts an end to the concession of new "Golden Visa", is part of the pillar of the fight against money laundering.
The Portuguese government, through the Portuguese Prime Minister, Antonio Costa, presented the main measures to deal with the price increase
Interest rates have been negative in recent years, allowing consumers in Portugal to access credit at lower costs. However, the recent rise in inflation in the European zone has rekindled fears of an economic downturn. Read More "Will mortgage interest rates rise in Portugal?
According to article 111 of the Portuguese Labor Code, the trial period corresponds to the initial time of execution of the employment contract, during which the parties assess the interest of its continuation.
The Tax Administration has announced the launch of a new application for self-employed people who have chosen simplified accounting. It is called "ATGO".
Since Monday, the monthly subsidy of five euros issued by the entity Autovoucher has increased to 20 euros to compensate for the sharp rise in fuel prices.
In the forecast update, the European Commission has revised up Portugal's growth to 5.5 % in 2022, up from the previously estimated 5.3 %. Eurozone GDP has been revised downward.
Portugal recorded, in the third quarter of 2021, a public debt ratio of 130.5 % of gross domestic product (GDP). This makes Portugal the third country with the highest debt in the European Union.
The government of António Costa has just announced the early implementation of some measures originally planned for the first week of January and other measures have been announced
In accordance with the December 1 directive, the new rules go into effect on January 1, 2022, just one day before the mandatory containment week, during which telecommuting is mandatory.
As a general rule, requests to transfer school records to Portugal can only be made after September 12. Initially, the request must be made electronically, on the portal... Read More "Transfer of school records in Portugal, how it works
The 2022 state budget proposal makes several reforms to the IRS for young people (IRS Jovem), providing that it will be granted automatically, that it will cover income from self-employment and that it will be applied for five years instead of the three years initially planned when the measure was launched.
The Portuguese economy is expected to return to pre-pandemic wealth in 2022, with an expansion of 5.5 % helping to reduce the budget deficit to 3.2 % of GDP and the public debt ratio to 122.8 %.
School insurance in Portugal is free of charge for all students who attend the compulsory school system. In the event of a school accident, it offers protection and support in addition to that provided by the national system... Read More "School insurance in Portugal
The covid-19 period saw a flagrant decrease in the price of student housing, allowing Portuguese students, but also foreign students to find easy and cheap housing. Unfortunately for students in Portugal, the price of accommodation has returned to its pre-pandemic level.
If this information is confirmed, the nominal increase in the Portuguese minimum wage would be the largest since 1993 and the highest in 10 years.
The Minister of State, Economy and Digital Transition said that Portugal could see 5% economic growth by the end of the year, following strong third quarter results.
It's about time, since more than 1 year we had to make an appointment to access the different public services in Portugal, which had as a consequence to lengthen some steps. According to the decontamination plan covid-19 approved by the Council of Ministers the access to the different state services will be without appointment from today.
Businesses with billing losses equal to or greater than 25 % may continue to access recovery assistance until the end of the month in which there are pandemic-related business restrictions.
The figures leave no room for doubt, even after a second reading. It is a sad truth, Portugal is cut in two, on one side in the overpopulated coastal cities and on the other side the interior of the country which is depopulating.
The beginning of July brings several novelties with the entry into force of measures already announced. This is the case of electricity, which will be more expensive for some households, changes in VAT on e-commerce and the ban on single-use plastics.
Telework is no longer compulsory as of today, but is still recommended in Portugal. Four municipalities with an incidence rate above the limits defined by the Government are required to maintain it.
A bug in the computer system of the Finance Department meant that the values declared by category B taxpayers with organized accounting were not taken into account, reports the [Jornal de Negócios].
The Secretary of State for Tax Affairs, António Mendonça Mendes, said in an interview with Lusa that it is "expected" that the IRS refunds will start to be processed earlier this year.
Employees who have been laid off for at least 30 days have received the Lay-off during the lay-off period. They will now have to include it in their annual IRS return.
The IRS declaration for people receiving income on Portuguese soil is coming. For this purpose you have until February 25 to validate your invoices in order to benefit from the related tax advantages.
In 2020, gross monthly earnings per worker rose by 2.9 % to 1,314 euros, according to data published Thursday by the National Statistics Institute ([INE]).
Applications for non-refundable commercial rental assistance will begin this Thursday, February 4, with payments expected to begin flowing to businesses in the second half of February.
At the time of the government's announcement of the containment measures, the Minister of the Economy announced that various measures were being put in place to support companies that would have to close as a result of the containment, except that the state coffers are empty.
Portugal has just been confined for a minimum of 15 days. This will enable the government to monitor the progress of the pandemic and adapt containment measures.
The regressar program, which aims to bring back to Portugal. People who have , just been extended.
The State Budget for 2021 (OE2021) introduces 18 changes from January 1, 2021, ranging from minimum wage increases and pension cuts to the creation of new social assistance and a reduction in VAT on electricity. Let's take a look at what's changing in Portugal in 2021.
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.
Social Security announced to open an extraordinary period for applications for support related to Covid -19 for self-employed and members of statutory bodies.
Self-employed workers in Portugal without social protection can now apply for support under the government's Covid-19 measures.
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.
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.
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.
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.
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