Currently there are approximately 800,000 independent workers registered in Portugal. Being your own boss has its advantages. However, you need to pay careful attention since the contributions and tax payments are made by you, rather than by a company.
In recent years, the self-employed have gained more and more rights. Nowadays, as occurs with salaried employees, these workers have achieved entitlement to protection in many situations, such as parenting, illness or unemployment.
Read more →
CGT: Older Properties and Unauthorised Improvements Many property owners who acquired their homes in Portugal in years gone by face a common dilemma: they bought at a time when real estate was dirt cheap. These houses were often primitive and in poor condition, requiring substantial renovations.
In those days, it was common practice to do the work and worry about the formalities later: no building permits, no formal plans, no invoices issued or kept.
Read more →
As a relatively new tax, it is not surprising that many have been caught unaware of their liability to pay AIMI and, more importantly, how they can avoid the disturbing consequences.
The additional assessment to IMI (Adicional Imposto Municipal Imobiliário) is sending shock waves to individuals and company owners who unwittingly find themselves under the weight of this added fiscal obligation.
Read more →
AL- Holiday Rental Licence procedure explained by afpop With the kind permission of afpop, the below information about Alojamento Local - short-term accommodation for tourists - normally is available only to afpop Members but is reproduced to show non-members the type of detailed information that is available.
Afpop’s Information Bulletin system is a comprehensive source of information on a wide ranging list of subjects, from car importation and setting up a bank account, to Wills, IRS payments and includes sections on motoring, health, property rental and purchasing, inheritance planning and many more.
Read more →
New Social Security contributory scheme for independent workers The revamped Social Security contributory plan for sole traders has been passed into law. Under the new regime, the deductions applicable to the self-employed will be based on the average income of the previous trimester, rather than the preceding year. The first declaration under the new rules will take place in January 2019, based on the earnings of the last quarter of 2018.
Read more →
New ID cards – a digital revolution The Portuguese government is launching a new citizenship card for registered foreigners in Portugal, as part of the ‘Simplex + 2018’ programme. The aim is to streamline administration of all foreign citizens and reduce much of the country’s bureaucracy. The Ministry announced that the new card will be issued in the final quarter of 2019.
Read more →
Long debated in Parliament. Finally, they have reached a verdict. The scary part that short time rentals would be restricted to 90 days was not approved
Below you will find the new law which will come into effect 60 days after being approved.
Recent legislative reforms have created tighter rules for operators of Local Lodging establishments.
Read more →
New laws passed this week by the leftist parties in Parliament has seen local councils and home owners’ associations or condominiums handed extensive powers in regulating and restricting the number apartments that can qualify for local lodging licences (Alojamento Local - AL). The decision has already been criticised by associations representing landlords, saying the move is a step in the wrong direction and will have a negative impact on tourism.
Read more →
IMT – Tabelas Práticas 2018 (CONTINENTE – HABITAÇÃO PRÓPRIA E PERMANENTE)
Valor sobre que incide o IMT (€) Taxa marginal a aplicar (%) Parcela a abater (€) Até 92.407 0 0 De mais de 92.407 até 126.403 2 1.848,14 De mais de 126.403 até 172.348 5 5.640,23 De mais de 172.
Read more →
