• Home
  • About
  • Content categories
  • Masterlist

DSG – in the pipeline

~ Dennis' latest work assembled here

DSG – in the pipeline

Monthly Archives: February 2017

Local Lodging grows five-fold in 2 years

28 Tuesday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

ahp, grows, local lodging

The number of listings available for local lodging grew by 385% since the new law came into effect in November 2014, according to a report by AHP (the Hotel Association of Portugal). At  that time, just 6,000 properties were registered for short-term stays. Today, that figure has multiplied to 29,000.

Local Lodging prohibition upheld by court decision

28 Tuesday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

appeals, condominium, court, lisbon, local lodging, noise, problems

The assembly of a Lisbon condominium prohibited local lodging activity in its building. The fraction in question was intended for residential housing but was being used for commercial purposes. Numerous problems gave rise to complaints. Loss of privacy in common areas, excessive noise at night and poor use of the pool were some of the problems. The decision was upheld by the Lisbon Court of Appeals.

Automatic IRS Reporting

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

2017, automatic, errors, expenses, income, paye, portugal, reporting, submission, united kingdom

 

Starting in 2017, the Portuguese Tax Authority (“AT) is making available Automatic IRS Reporting to over one million taxpayers in Portugal. The change is part of “Simplex”, a programme designed to reduce bureaucracy at all levels of government.

Continue reading →

US nationals with money overseas

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

fincen, money, nationals, overseas, treasury, US

Americans with financial accounts outside the United States should be careful to report it. Foreign financial accounts are high on the I.R.S. scrutiny list. Failure to disclose foreign accounts can be penalized severely. This includes people who inherited assets overseas as well as those who lived and worked abroad.

FinCEN Form 114, the Report of Foreign Bank and Financial Accounts is used for holdings of $10,000 or more and is filed electronically with the Treasury. Form 8938, which attachs to Form 1040, is used in more complex situations with $50,000 or more.

Sweden “revolted” with Portugal for exempting Swedish pensioners from tax

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

measures, non habitual residence, portugal, revolted, sewden, tax holiday

The Swedish Finance Minister, Magdalena Andersson, expressed dismay regarding the Non Habitual Residence regime that offers a 10-year tax holiday to newly arrived foreign pensioners in Portugal. “If they move to Portugal because they like fado or green wine or because they love the weather, then they should be able to do so. But if they move just to avoid paying taxes, then I think they should look in the mirror and think twice before making that decision” . . .  “People must pay taxes either in Portugal or Sweden.”

This prompted Portuguese Minister of Finance, Mário Centeno, to promise to “take measures” to reframe tax benefits that are granted to foreign citizens residing in Portugal noting that the case of Swedish pensioners is not unique. Other countries have also voiced objections to the Portuguese “tax holiday”.

 

Portuguese Emigration ranks second in Europe

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

emigration, europe, france, germany, portuguese, second, switzerland, uk

Currently, more than 2.3 million Portuguese live abroad or 22% of the population. After Malta, Portugal is the European country with most emigrants. In 2015, the latest year of available statistics, the main destination was the United Kingdom with 32,301 Portuguese entries, followed by France with 18,480, and Switzerland with 12,325.  Moves to Germany numbered 9195 and Angola 6715.

Life expectancy can reach 90 years by 2030

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

2030, 90, developed, investigation, life expectancy, the lancet

Life expectancy continues to rise in developed countries and in some of them, to over 90 years old according to a study published in the journal of medical science “The Lancet “. The investigators estimated how many more years a 65-year-old would live in 2030 and found that women would reach an average of 24 more years (to 89) in 11 of 35 countries and men 20 years in 22 countries (to 87 years-of-age).

Automatic IRS Reporting to speed up tax refunds

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

common reporting standard, irs, portugal, refunds, reporting, tax

Automatic IRS Reporting kicks off this year and should reach one third of Portuguese families. Next year, this measure will be extended to a majority of national taxpayers. Piggy-backed to this automation will be quicker tax refunds which should be processed in as little as a fortnight. Despite new international information sharing (“Common Reporting Standard”), those with income from abroad will continue to declare as before.

Housing sales rise in suburbs but rentals decline

27 Monday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

decline, housing, letting, rental, sale, suburbs

There are more houses being sold today but high prices in central urban areas are pushing buyers out to the suburbs. Simultaneously, rentals are in decline. Letting accounted for 60% of real estate activity at the height of the crisis but has fallen sharply in the last two years. In 2016, lets accounted for just 25% of housing turnovers.

Significant rise in Lisbon tourism

18 Saturday Feb 2017

Posted by Ursula in Posts

≈ Leave a comment

Tags

contribution, deloitte, intercampus, lisbon, portugal, region, rise, tourism

Those who live and work in Lisbon like tourists who visit the Portuguese capital. More than 90% of the population favours the presence of tourists. In addition, the contribution of tourism to the economic activity of the Lisbon Region is significant. In 2015 it amounted to 8.4 billion euros, corresponding to an average annual growth of 8% over the previous 10 years according to a survey by Intercampus and Deloitte Studies.

 

← Older posts

Subscribe

  • Entries (RSS)
  • Comments (RSS)

Archives

  • September 2021
  • June 2021
  • May 2021
  • April 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • September 2016
  • August 2016
  • July 2016

Categories

  • Article
  • Articles
  • Briefs
  • Brochure
  • Posts
  • Shorts
  • Uncategorized

Meta

  • Register
  • Log in

Blog at WordPress.com.

  • Follow Following
    • DSG - in the pipeline
    • Join 74 other followers
    • Already have a WordPress.com account? Log in now.
    • DSG - in the pipeline
    • Customize
    • Follow Following
    • Sign up
    • Log in
    • Report this content
    • View site in Reader
    • Manage subscriptions
    • Collapse this bar