20 Wednesday Feb 2019
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≈ Comments Off on euroFINESCO publications continue to expand
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The euroFINESCO information distributions reached a new landmark with the release of nº 400. The article addresses the newly updated EU Blacklist that highlights the growing rift between the EU and Donald Trump’s “America First”. euroFINESCO offers a comprehensive library of information on a host of subjects related to taxation and compliance in Portugal. PDF downloads are available free of charge at www.eurofinesco.com/en/our-publications.
20 Wednesday Feb 2019
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≈ Comments Off on Americans compensate for the loss of British tourists
Last year, fewer British holidaymakers chose Portugal as a tourist destination, less 111,667 than in 2017. Despite the drop, the overall number of foreign tourists grew by 0.4% last year, enough to reach a new record high at 12.76 million. This increase was mostly due to a 20% jump in American tourism, accounting for an additional 135,000 US visitors in 2018.
20 Wednesday Feb 2019
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≈ Comments Off on “AL” booking commissions may be tax deductible
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al, booking, category, commission, deductible, f
If you are a Local Lodging operator, you can deduct online platform commissions from your “AL” income. Keep in mind that this deduction is only applicable if you opt for the taxation rules of Category F (rent), not under Category B (sole trader).
20 Wednesday Feb 2019
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≈ Comments Off on Theft increase in Lisbon “AL” Establishments
The distraction of holidaymakers and the lack of security at some “AL” flats have led to a rise in thefts at Local Lodging establishments, mainly those located in the “Baixa” district of downtown Lisbon. In response, law enforcement (“PSP”) has started a prevention program with the owners called “Blue Lock”.
20 Wednesday Feb 2019
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
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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
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≈ 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.
