28 Monday Jan 2019
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≈ Comments Off on Lagos to initiate Tourist Tax
Following the general approval by the Algarve Mayors’ group, AMAL, the Council of Lagos is moving forward with a €1.5-a-night Tourist Tax. Mayor Maria Joaquina Matos justified the measure, declaring that the tax will help pay for local projects, cover a lack of investment by central government and contribute to making the region more competitive.
28 Monday Jan 2019
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≈ Comments Off on “AL” pays commercial rates for water in several municipalities
Tags
al, commercial, lisbon, local lodging, rate water, regulator
The water regulator advocates that establishments used for local housing should pay for water as “non-household” users. The increase is already in place in several councils. However, there are other centres, such as Lisbon, where the municipality has reimbursed the extra charge.
28 Monday Jan 2019
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≈ Comments Off on Residency – Highly Qualified Professional Visa
The Highly Qualified Professional Visa in Portugal targets foreigners who are not nationals of the EU, EEA and Switzerland and who have been admitted 1) as students to higher education (principally at doctorate level), or 2) as researchers to collaborate in research recognized by the Ministry of Education and Science, or 3) as a University professor.
28 Monday Jan 2019
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≈ Comments Off on Existing rental contracts without immediate IRS discount
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Landlords with a lease in place for several years will only be able to take advantage of the tax breaks created in the new rental law after contract renewal. This recently approved legislation is scheduled for review at the end of 2019.
09 Wednesday Jan 2019
Posted in Shorts
≈ Comments Off on new shorts 6.1.2019
s146 – taxation of fiducuary structures
s144 – us retirement savings plans
s143 – tax declarations-getting ready
s142 – us nationals – tax residency
s141 – isolated acts-five potential advantages
s140 – irs – coersive settlement & loss of tax abatements
s139 – documentation – adverse possession – usucapiao
s138 – residency – short-term visa extension
s137 – nhr – taxation of other income
s136 – documentation – lost or stolen credit card
s135 – estate planning – limitations of a will
s134 – other taxes – paying taxes via at direct debit
s133 – other taxes -how to pay taxes when abroad
s132 – irs -taxation of stock option plans
s131 – irs – invoices – how long to keep them
09 Wednesday Jan 2019
Posted in Posts
≈ Comments Off on Tourist Tax doubles in Lisbon
Staying in a hotel or local lodging accommodation in Lisbon became more expensive as of the first of the year due to the increase in the Municipal Tourist Tax from one to two Euros. The local municipality estimates additional revenues from the measure of ±_35 million in 2019.
09 Wednesday Jan 2019
Posted in Posts
≈ Comments Off on Airbnb commissions tax deductible for Category F
Local Lodging operators who opt to be assessed under the tax rules of Category F (long-term rentals) may deduct commissions from this income paid to online reservation platforms. However, those carrying out their tourist business under Category B as Sole Traders do not deduct specific expenses but rather are automatically allotted 65% from their gross “AL” income to cover operating expenses.
09 Wednesday Jan 2019
Posted in Posts
≈ Comments Off on Higher Education Expenses in 2019
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Parents with children studying in universities in the interior of the country can receive a 40% tax credit in 2019 for expenses up to €1,000. This tax break is an increase from 30% with a maximum of €800 as compared to families whose children normally live and study from home.
DSG - in the pipeline 