31 Wednesday May 2017
Posted in Posts
“IMI” (Municipal Property Tax) is a tax applied on the value of the rateable value (VPT) of all real property within the national jurisdiction, reverting in favour of the 308 municipalities.
Each township is free to determine the tax rate between 0.3 – 0.5%.
24 Wednesday May 2017
Posted in Posts
Tags
companies, consortium, europa, expresso, investigative, journalism, malta, maltese, papers
The European Consortium for Investigative Journalism has obtained hundreds of thousands of documents identifying owners of more than 50,000 Maltese registered companies, where the effective tax rate offered to non-residents is 5%. The Portuguese weekly, “O Expresso”, published some of the influential names found in these recently disclosed files.
24 Wednesday May 2017
Posted in Posts
As of 15 May, IRS rebates surpassed €1.2 billion, more than double the amount reimbursed last year. By 31 May last year, IRS repayments amounted to €676 million. Up until 2017, tax returns were due in two 1-month phases. This year, for the first time, there was one continuous submission period from 01 April to 31 May for all taxpayers.
24 Wednesday May 2017
Posted in Posts
With a flourishing market and higher spreads, European banks – including German and Dutch – are probing real estate developers in Portugal, offering financing for new projects that, until recently, were held up due to a lack of credit. With local banks lacking the capacity to respond to current market demand, foreign banks are positioning themselves to attract new business.
24 Wednesday May 2017
Posted in Posts
Tags
company, golden visa, investment, permanent, residence, revision
The government has modified the criteria for granting ‘Golden Visas’, reducing the required outlay to €350,000 from €500,000 to be invested in small and medium-sized companies in order to obtain a permanent residence permit for non-EU nationals. This sum is less than that of real estate which, until now, have accounted for almost 99% of Golden Visa investments.
24 Wednesday May 2017
Posted in Posts
Tags
business, invest, landlord, local lodging, long term, medium term, residence, student
Private student residence letting is a burgeoning business that reconciles some of the vagaries of short term lets common in local lodging with the stability of medium term rentals while avoiding the ongoing commitments endemic in long-term leases. In university cities like Lisbon, Porto and Coimbra, the average price for a student room currently runs around €350 per month.
24 Wednesday May 2017
Posted in Posts
The online hosting platform generated €1.07 billion in Portugal last year, almost half in Lisbon. Airbnb said that this figure accounts for “all the money that Airbnb guests spend during their stay as well as the amounts that hosts with ads on the platform earn in their hosting activity.”
12 Friday May 2017
Posted in Posts
Tags
When bringing an electrical vehicle from France to Portugal, there is no assessment on the process. Nevertheless, one must still exchange the foreign registration and licence plate for Portuguese ones. The required vehicle documentation is the “grey card” and, if available, the “Certificado de Conformidade” – the document with all vehicle specifications for Europe. If the “CC” is not available, it can obtained by the “Despachante” (Import Agent). On the owner’s part, the needed documentation includes ID, Residência and “NIF” (Fiscal Number).
This information is valid for 100% electric vehicles, not petrol/diesel engine hybrids.
12 Friday May 2017
Posted in Posts
With more than 140 million guest arrivals to date, Airbnb has proved a boon for hosts and an attractive option for travelers looking for a hotel alternative. In the process, you can earn the classification of a Superhost, which means that you have hosted many guests and consistently received five-star reviews. This is a selective group; only about 7 percent of hosts earn the title of Superhosts.
In exchange, you get more visibility in search results, invitations from the company to exclusive events and a medal next to your profile photo. Yet vaulting to Superhost status is hardly intuitive. Here are some tips on running a successful Airbnb rental based on interviews with Superhosts. Continue reading
12 Friday May 2017
Posted in Posts
The online hosting platform generated €1.07 billion in Portugal last year, almost half in Lisbon. Airbnb said that this figure accounts for “all the money that Airbnb guests spend during their stay as well as the amounts that hosts with ads on the platform earn in their hosting activity.”
