2025: Price rises in Portugal
The year 2025 begins with increases in several key sectors in Portugal, marking a continuation of the cost-of-living rises seen in 2024.
Economy
Raising Portugal's minimum wage
The Portuguese government recently announced an increase in the national minimum wage (SMN) to 870 euros gross per month over 14 months.
IRC reduction in Portugal's 2025 state budget
Find out how the Portuguese tax system impacts businesses, with details of taxation, economic incentives and tax obligations in Portugal.
Portugal and growth: the economic situation in Southern Europe
In the European economic landscape, Portugal is emerging as a key player, attracting attention with its recent advances in growth. A recent study conducted by the consultancy Capital Economics for the Financial Times revealed a fascinating fact
CNPD suspends Worldcoin's collection of biometric data in Portugal
Portugal's National Data Protection Commission (CNPD) has taken a significant decision regarding the collection of biometric data by the [Worldcoin] Foundation.
Euribor falls to three, six and 12 months
Euribor, a crucial indicator in the European financial landscape, has seen some notable variations recently. This development is particularly interesting in light of the decisions taken by the Banco Central Europeu (ECB).
ECB Holds Rates
Marcelo Rebelo de Sousa , President of the Portuguese Republic, believes that the European Central Bank's (ECB) decision to maintain interest rates is not good news.
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).
Antonio Costa, resigns
Portuguese Prime Minister António Costa has announced his resignation after being implicated in an investigation into corruption and illegal interest-taking. The announcement comes hours after his chief of staff and one of his ministers were charged and taken into custody, and a search was carried out at his official residence. António Costa.
Portugal is the end of RNH
The "non-resident tax regime", which gives foreign pensioners and workers a cap on their income tax, will end in 2024, said Mr. Costa, for whom "it no longer makes sense.
Real estate acquisitions with cryptocurrencies in Portugal
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.
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.
Portuguese government presents its anti-inflation plant
The Portuguese government, through the Portuguese Prime Minister, Antonio Costa, presented the main measures to deal with the price increase
Will mortgage interest rates rise in Portugal?
Interest rates have been negative in recent years, enabling consumers in Portugal to access credit at lower cost.
How does the trial period of an employment contract work 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.
Portugal, launches ATGO an application for the self-employed
The Tax Administration has announced the launch of a new application for self-employed people who have chosen simplified accounting. It is called "ATGO".
The Autovoucher is now 20 euros. How does it work?
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.
European Commission revises Portuguese GDP upwards to 5.5 % in 2022
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 has the 3rd highest public debt in Europe
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.
Portugal introduces new measures before Christmas
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
Telework: New rules kick in on eve of lockdown week
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.
Transfer of school records in Portugal, how it works
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
OE2022, IRS reform for youth
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.
Portuguese state budget 2022 in 10 points
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
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 price of student accommodation in Portugal is rising
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.
Portugal's minimum wage should reach 705 euros
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.
Growth in Portugal up 5% in 2021
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.
End of appointments in public services in Portugal
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.
The support to companies in Portugal is maintained
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.
Portugal's interior is depopulating
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.
VAT, electricity, tolls in Portugal
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.
End of mandatory telework in Portugal
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 financial services concerning the IRS
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].
IRS refunds to be faster in 2021
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.
People who received the Lay-off will have to report it to the IRS
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.
IRS 2021, remember to validate your invoices
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.
Average wage in Portugal up 3.3%
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 commercial rental assistance
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.
Portugal has no money to pay business aid
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 confined, business aid available
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.
Regressar program, extended to 2023
The regressar program, which aims to bring back to Portugal. People who have , just been extended.
What changes in Portugal in 2021
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.
Portugal ready to finance a minimum wage increase
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 laboratory city for new technologies
Aveiro, also known as [Little Venice], is a city loved by tourists, but it's also home to a digital test park.
Budget 2021, what the Portuguese government plans
If the 2021 budget passes in state, next year could bring new social support, wage and pension increases, and relief from the IRS.
Self-employed in Portugal, how to start your business
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.
Self-employed, social security extends support
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 without social protection can apply for assistance
Self-employed workers in Portugal without social protection can now apply for support under the government's Covid-19 measures.