1. Background Law No. 56/2023 created an extraordinary contribution on local accommodation apartments (CEAL), levied not only on apartments but also on guesthouse establishments located in an autonomous unit of a building operated as local accommodation (AL). 2. Who is liable 3. What is taxed 4. Applicable rate and tax base 5. Exemption 6. Not […]
Filing deadline Filing of the Personal Income Tax (IRS) return for 2023 began on 1 April and runs until 30 June 2024. Who must declare their income? All citizens residing in Portugal must declare all their income, whether earned at home or abroad. Non-Habitual Residents are also obliged to declare all their income, whether earned […]
The current Government’s election promises to tackle the housing crisis will begin to be implemented this month. Main measures for young people up to 35 Some of the main measures aimed at young people up to the age of 35 include: Recognising that “young people are the demographic group most affected by the housing affordability […]
Special rules for buildings under horizontal property Condominium authorisation for Local Accommodation activity Registrations of local accommodation establishments made after the Mais Habitação programme came into force now require the prior authorisation of the condominium for the different use of operating local accommodation, whenever the autonomous unit of a building under the horizontal property regime […]
The “Mais Habitação” (More Housing) programme brought significant changes to the Local Accommodation (AL) regime in Portugal. We highlight the main changes affecting both existing establishments and new registrations, as set out in Decree-Law No. 128/2014, as amended by Law No. 56/2023: Duration and renewal Review of AL registrations already issued Suspension of new AL […]
The 2024 State Budget Law introduced a new tax incentive regime aimed at attracting talent and promoting research and innovation in Portugal. Who can benefit? What are the advantages? Duration and exclusions The benefit can be enjoyed for a non-renewable period of 10 years, consecutive or not, depending on the taxpayer being tax resident in […]
IRS Jovem is a regime that partially exempts employment income (Category A) and self-employment income (Category B) from taxation for five years, consecutive or not. The 2024 State Budget Law increased the maximum limits of the benefit and introduced a 100% exemption in the first year of work, with a gradual and progressive increase in […]
The 2024 State Budget Law established that startups are now subject to IRC (corporate income tax) at a rate of 12.5% on the first €50,000.00 of taxable income, instead of the 17% rate. Requirements to qualify as a startup To qualify as a startup, companies must cumulatively meet the following requirements: Additional conditions In addition, […]
Marriage or de facto union? When it comes to formalising a relationship, marriage and de facto union (união de facto) are the two main options. Although both have legal implications, there are important differences that it is essential to understand. In marriage, there is a property regime governing the division of assets in the event […]
Imagine a routine without having to carry a wallet stuffed with physical documents. This scenario is closer than ever for citizens in Portugal. Law No. 19-A/2024 and the id.gov.pt app Law No. 19-A/2024 will simplify daily life in Portugal by making physical identity documents unnecessary, provided you have digital versions in the id.gov.pt app. However, […]