The 2023 State Finance Act (OE 2023) has modified the assumptions for granting the ITM exemption on the acquisition of goods for resale.
The Order of Notaries in Portugal has announced that it will publish an internal regulation aimed at overseeing real estate acquisitions made using crypto-currencies, in cases where their conversion into legal tender does not take place.
On January 24, 2023, the Bank of Portugal published a notice regulating virtual assets in the context of money laundering and terrorist financing.
Amendments included in the State Budget Bill 2023 aim to close the legal loophole in the scope of taxation of cryptocurrencies in Portugal, promoting a new tax framework, including... Read More "New cryptocurrency taxation in the 2023 state budget
Last week the Portuguese Minister of Finance, Mr. Medina, announced during the debate linked to the draft state budget for 2022 (OE2022), that he promised to make changes to the taxation of cryptocurrency
After differing rulings in two decisions by the Lisbon and Porto Courts of Appeal, the Supreme Court of Justice has decided to unify its jurisprudence on the impossibility of local accommodation coexisting in... Read More "Supreme Court rules on local accommodation in Portugal
The Autovoucher, a 20-euro subsidy paid by the government to families to offset rising fuel prices, ends at the end of the month and will be replaced by a more aggressive tax reduction measure.
The French tax authorities have announced the launch of a new application for self-employed people who have opted for simplified accounting. It is called "ATGO".
In this article, you'll find out how much the social insertion income is, what the rules are for paying sickness, maternity and paternity benefits, and above all how these benefits are calculated.
In the third quarter of 2021, Portugal recorded a public debt ratio of 130.5 % of gross domestic product (GDP). As a result, Portugal ranks as the third country with the highest debt in the European Union.
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.
The Portuguese government today approved an increase in the country's minimum wage to 705 euros, with effect from January 1, 2022. The government also approved support for companies to carry out these increases, the executive told... Read More "Portuguese minimum wage to rise to 705 euros in January
Portugal's regime for foreign pensioners, which allows a personal income tax (PIT) rate of 10 %, is one of the most damaging to tax competition in the European Union (EU), reveals a... Read More "Portugal is one of the most dangerous EU countries for foreign retirees
It is a real blow that the government is going through at the moment. Indeed yesterday the state budget 2022 was rejected by the opposition and therefore not voted. The consequences of its heavy and forces the President of the Republic to dissolve the government.
The State Budget proposal for 2022 introduces 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 should 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 %.
Companies with billing losses equal to or greater than 25 % can continue to access recovery assistance until the end of the month in which pandemic-related activity restrictions apply.
A bug in the finance department's computer system meant that values declared by Category B taxpayers with organized accounting were not taken into account, reports the [Jornal de Negócios].
IF starting a business in Portugal or in any other country is a relatively easy decision to make. Closing a business in Portugal is a difficult decision and requires the completion of a few steps.
More and more of you are interested in the taxation of cryptocurrency in Portugal. Portugal, which has been experiencing a boom in tourism for years, but also of foreign people coming to settle there fiscally to benefit from the status of non-habitual resident (RNH).
Secretary of State for Tax Affairs António Mendonça Mendes said in an interview with Lusa that it is "expected" that IRS refunds will begin to be processed earlier this year.
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.
Applications for non-refundable assistance for commercial rents will open this Thursday, February 4, and payments should start reaching businesses in the second half of February.
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.
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 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.
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.
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.
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.
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.