07 Friday Dec 2018
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≈ Comments Off on Óbidos to charge a €1 tourist tax as of 01 December
The levy on holidaymakers will be applied to all guests over the age of 13 who stay up to 5 consecutive nights in hotels, apartments, villages and tourist developments, campsites or local lodging establishments in the municipality of Óbidos. The town council hopes to collect ±€200,000 annually in fresh revenues with the new charge.
07 Friday Dec 2018
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≈ Comments Off on Local Lodging increasingly under third-party management
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An increasing number of accommodations under Local Lodging (“AL”) are in the hands of third-party administration. In Lisbon and Porto, only 4 out of every 10 units registered in this tourist activity are handled directly by the owner.
07 Friday Dec 2018
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≈ Comments Off on The next step for Automatic VAT in 2019: the e-Invoice
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at, automatic, irs, pre-filling, vat
Following the automatic IRS, the “AT” advances to automate VAT in three phases.
The Tax and Customs Authority has taken the first step in automating the VAT declaration, making available pre-filling of certain amounts in the fields related to “transfers of goods and services” with tax paid and those corresponding to “Tax in favour of the State”. Continue reading
07 Friday Dec 2018
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≈ Comments Off on Tax burden in Portugal up in 2017
Despite an increase of three tenths, Portuguese taxation remained below the European average last year. In Portugal, the weight of taxes reached 40.2% of GDP and in the Euro Zone, 41.4%. France had the heaviest load (48.4%) and Ireland the lightest (23.5%).
07 Friday Dec 2018
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≈ Comments Off on Stamp Duty due on annual rent increases
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at, atm, financas, increase, landlord, multibanco, rent, stamp duty
If you are a landlord and, during the term of a lease, increase your tenant’s rent by the amount of inflation (the maximum allowed by law), you must inform Finanças what the new rent will be. This communication to the Tax Authority is mandatory and can lead to the payment of a 10% Stamp Duty on the amount of the monthly rent increase.
The new value must be communicated through the “AT” website by the end of the month following the month in which the change occurs. Payment can be made at the Local Finanças office, at an ATM or via electronic banking. When communicating the change online, you will be issued a payment note with the multibanco payment reference on the “AT” website.
If the amount due is less than €10, there is a technical exemption, and no tax is due. For example, you charged a monthly rent of €500 in 2017. The inflation adjustment percentage is 1.15% or €5.75. The difference is less than €10 so no Stamp Duty is due.
07 Friday Dec 2018
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≈ Comments Off on Portugal elected again “best holiday destination in the world”
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best, conrad, destination, holiday, portugal, world travel awards
For the second consecutive year, Portugal has been recognised as the top tourist destination by the World Travel Awards. At the same time, the Conrad was voted the best luxury leisure resort. The prize is the result of balloting by the general public, but is made principally by 200 thousand tourist industry professionals representing from 160 countries.
Portugal left behind competitors such as South Africa, Brazil, USA, India, Indonesia, Jamaica, Maldives, Sri Lanka, Malaysia, Vietnam, New Zealand as well as neighbouring Spain with 55 nominations and 16 first place finishes, a national record.
07 Friday Dec 2018
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≈ Comments Off on Paper invoices to end in 2019
Beginning in January, paper invoices will start to be phased out with transactions transmitted in real time directly to the “AT” (Tax Authority). Consumers will only receive a hard copy if requested. It is another step towards the dematerialisation of invoices as part of the Simplex + initiative. In the initial phase, merchants must install the applications to establish a direct link to the Finanças’ e-fatura system via a “QR” (quick response) code. Consumers will no longer need to give out their taxpayer number.
07 Friday Dec 2018
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. Continue reading
DSG - in the pipeline 