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DSG – in the pipeline

Monthly Archives: November 2016

Alternative medicines to be VAT exempt

08 Tuesday Nov 2016

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acupuncture, alternative medicine, chiropractice, exempt, herbal medicine, naturopathy, tax credit, vat

The General Assembly approved legislation that reduces from 23% to 0% the VAT charged by professionals of non-conventional therapies (alternative medicines such as acupuncture, herbal medicine, naturopathy, osteopathy, chiropractic, traditional Chinese medicine, etc.).

Not only will final consumers save directly with the exemption from VAT, these expenses will also qualify for medical tax credits in “IRS” reporting.

Additional IMI to benefit properties above €1,000,000

08 Tuesday Nov 2016

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IMI, one million euros, stamp duty

Owners of buildings with ratable values over one million euros should pay less overall tax in 2017 than last year, even with the proposed increase in Municipal Property Tax (IMI), due to the elimination of the 1% Stamp Duty on this type of luxury real estate.

TOURIST TAX IN EUROPE

07 Monday Nov 2016

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europe, tourist tax

Since January 2016, visitors to the Portuguese capital have to pay a Municipal Tourist Tax of €1 per person per night. Children under 13 and those seeking medical treatment are exempt. The levy only applies to the first seven nights. Scattered municipalities, such as O Porto and Cascais, are also considering a Tourist Tax on a similar basis to Lisbon. Continue reading →

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