• Home
  • About
  • Content categories
  • Masterlist

DSG – in the pipeline

~ Dennis' latest work assembled here

DSG – in the pipeline

Monthly Archives: April 2019

New AIMI tax bracket to generate €31million

22 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on New AIMI tax bracket to generate €31million

Tags

additional, aimi, budget, revenue, tax, vpt

The Stability Program for 2019-23 anticipates €31 million in additional tax revenues from the new maximum tax bracket for AIMI, applicable to Ratable Values (“VPT”) above €2 million. The Additional to Municipal Property Tax was first created in 2017 targeting luxury properties. Beyond the standard “IMI” assessment, Companies are charged AIMI at a rate of 0.4% on the sum of the Rateable Values of these properties. Residences held by entities in tax havens pay 7.5%. In the case of individual ownership, an AIMI rate of 0.7% is applied on “VPT” totals above €600,000 (or double this amount for married and cohabiting couples who opt for joint “IRS” declarations). When the “VPT” values exceed €1 million, the tax rate increases to 1%. The new bracket, created in the recent State Budget to be applied for the first time in 2019, foresees an AIMI tax rate of 1.5%, applicable to “VPT” amounts above €2 million.

Local Lodging: 11 registration cancellations per day

22 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on Local Lodging: 11 registration cancellations per day

Tags

al, cancellation, capital gains, enrolments, exodus, lisbon, local lodging, registration

In the past six months, almost 2,000 “AL” enrolments have been wound up. Many owners have stopped letting but failed to cancel their registrations due to capital gains tax liabilities. In the first quarter of 2019, new “AL” sign-ups fell nationally by 40% and by 60% in Lisbon. These numbers are likely to be understated. In total, the capital currently counts with 18,000 Local Lodging Establishments. Nationwide, there are approximately 83,000.  2020 could prove to be a year of mass exodus.

LATEST FAKE NEWS: Fuel Crisis:  Service stations converted to Local Lodging

18 Thursday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on LATEST FAKE NEWS: Fuel Crisis:  Service stations converted to Local Lodging

Tags

al, crisis, fake, fule, local lodging, news

After the lack of petrol stemming from the striking lorry drivers, it’s now the lack of service stations! Like any space that remains idle for a few hours, service areas in major urban centres around Portugal have already been converted into Local Lodging Establishments to meet the growing demand of stranded motorists.

French “Great Debate” website attacks Portuguese “NHR”

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on French “Great Debate” website attacks Portuguese “NHR”

Tags

competition, double relief, french, great debate, macron, nhr, portugal, president, tax, yellow vests

Opinions and proposals, shared on the “Great Debate” website (https://granddebat.fr/) – an initiative by French President Emmanuel Macron to respond to the protests of the “yellow vests” – refer to migrating French nationals who enjoy Portuguese Non-Habitual Residency (“NHR”) as “tax exiles” and to Portugal as “a fiscal eldorado” within Europe. Some participants contend that this double relief (tax exemption for pensions both at source in France and for 10 years in Portugal with “NHR” status) is intrinsically unjust, depriving both states of much-needed tax revenues and increasing the burden on paying taxpayers. The scheme is seen as promoting unfair tax competition among the Member States of the European Union.

Two more “AL” restricted neighbourhoods in Lisbon

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on Two more “AL” restricted neighbourhoods in Lisbon

Tags

al, Alfama, bairro alto, Castelo, Graça, lisbon, Madragoa, Mouraria, olina de Santana, restricted

The Lisbon Municipal Council has prepared regulations which delimit the “’containment areas” to Local Lodging according to the law that came out last year. To the five neighborhoods that have been suspended since October 2018 from new holiday lets registrations – Bairro Alto, Madragoa, Castelo, Alfama and Mouraria – will be added two more:  Graça and Colina de Santana.

“ASAE” has just one inspector for every 10,000 AL’s

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on “ASAE” has just one inspector for every 10,000 AL’s

Tags

asae, inspector, limited, local lodging, portugal

There are more than 80,000 Local Lodging Establishments in Portugal and only eight inspectors from “ASAE” (Autoridade de Segurança Alimentar e Económica) to oversee them. Lack of safety and health conditions are the most common problems. But the capacity to intervene is “very limited”.

Portugal with €130 billion in EU subsidies since 1986

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on Portugal with €130 billion in EU subsidies since 1986

Tags

1986, bank of portugal, eu, gdp, portugal, subsidies

Since joining the European Union, Portugal has benefitted from extensive economic support. According to the Bank of Portugal, Portugal has received a total of €130 billion since 1986 or ±2.5% of GDP per annum. Portugal ranks amongst the highest among countries with EU subsidy allocations. Nevertheless, the movement of money is reciprocal. Portugal also sends funds to Europe: customs duties, agricultural charges, VAT and others. Between 1996-2018, annual transfers have been relatively constant at ±1% of GDP.

VN de Gaia to cap “AL” offerings

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on VN de Gaia to cap “AL” offerings

Tags

cap, centre, gaia, historic, internet, lisbon, local lodging, vila nova

The Vila Nova de Gaia Municipal Council has passed regulations to limit Local Lodging establishments and prevent the dislocation of long-term residents from historic neighbourhoods. The city centre and the entrance to the bridge D. Luís I are two of the target areas for the new restrictions. These measures follow on the heels of similar actions taken in Lisbon and other municipalities around the country.

Minimum long-term rental contract to be one year        

08 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on Minimum long-term rental contract to be one year        

Tags

bna, contract, long term, minimum, rental, sima

New legislation stipulates that the minimum period for long-term rental agreements is one year and renewable for three years. According to the decree, “SIMA” (“Serviço de Injunção em Matéria de Arrendamento” – Lease Injunction Service)  will be created to strengthen tenants’ rights, namely for the reimbursement of improvements incurred by tenants. The legislation also assures the continuation of the National Rental Office (BNA), which has exclusive jurisdiction to deal with procedures for evictions.

Tourism to increase by over 5% in 2019

01 Monday Apr 2019

Posted by Ursula in Posts

≈ Comments Off on Tourism to increase by over 5% in 2019

Tags

2019, economy, europe, increase, portugal, tourism

The World Travel & Tourism Council estimates that tourism in Portugal will expand by 5.3% in 2019, more than double the European average of 2.5%. Last year, the sector grew by 8.1%, contributing €38.4 billion to the Portuguese economy, a total of 19.1% of the country’s overall economic activity.

← 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