21 Wednesday Nov 2018
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≈ Comments Off on Tourists down, income up in Summer 2018
Portugal received 128,000 fewer foreign visitors this summer than in the same period last year, a drop largely due to fewer holidaymakers from the United Kingdom. Between June and September, 5.5 million travellers came to Portugal, down 2.2% when compared to the same period in 2017. However, revenues rose to 1.7 billion euros during the period, up 4.4%.
02 Monday Jul 2018
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2018, algarve, increase, lisbon, local lodging, porto, registration
In June of 2018, 68,310 Local Lodging registrations exist as compared to 23,136 in 2015, an increase of almost 300% in three years. Over the same period, tax revenues have more than doubled. 73% of “AL” accommodations are outside Lisbon and Porto, with over a third in the Algarve.
02 Monday Jul 2018
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Among a group of eight Simplex+2018 measures, the Government proposes to introduce changes in the way proper receipts are issued. The authorities have committed to regulating the elimination of printed statements, given that detailed digitalised records of transactions are already available in a taxpayer’s personal area on the “AT” portal.
08 Monday Jan 2018
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The average cost per square metre for construction has been determined to be is €482.40 in 2018. This is the value to be used when calculating the area coefficient as part of the annual assessment of “IMI” (Municipal Property Tax).
08 Monday Jan 2018
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Following the previous introduction of the “Automatic IRS” which prefills personal income tax submissions for millions of Portuguese taxpayers, other 2018 IRS declarations must only be declared electronically via the Internet. Paper forms are no longer available. Those who lack a computer or the necessary skills can get help at one of the Citizen Shops or via their local “AT” agency.
08 Monday Jan 2018
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2018, automatic, dependents, filing, irs
The Council of Ministers approved “Automatic IRS” for households with dependents, thus extending the measure to three million households next year. In 2017, “Automatic IRS filing” covered taxpayers with no dependents, having salaries or pensions. In 2018, “Automatic IRS filing” will include families with dependents, as well as taxpayers who receive tax credits related to donations.
08 Monday Jan 2018
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In 2018, education vouchers become fully subject to “IRS” assessment. Previously, these vouchers, allocated to dependents for the payment of schools and other education services and expenses, were eligible for a maximum tax credit of up to €1,100 per dependent.
08 Monday Jan 2018
Posted in Posts
08 Monday Jan 2018
Posted in Posts
Beginning in 2018, taxpayers with earnings exclusively from Local Lodging (Category B) will be exempt from SS contributions. Those who accumulate salaried income with self-employment earnings from “AL” will only be excused from monthly Social Security payments on their green receipts below a gross of €2,450 per month. Any excess shall be assessed at the rate of 21.4%. The measure is expected to encourage “AL” compliance which has already quadrupled over the past three years.
08 Monday Jan 2018
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Porto city council approved today a tourist tax of two euros per night for all guests over the age of 13 beginning 01 March 2018. In announcing the new levy, Mayor Rui Moreira said that, in order to ensure Porto’s place as a sustainable tourist destination, holidaymakers must participate in the running costs of the municipality, given the wear and tear inherent in the tourist footprint.
