Tag Archives: holiday

Portugal elected again “best holiday destination in the world”

07 Friday Dec 2018

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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.

Local quotas proposed for short-term holiday lets

21 Thursday Jun 2018

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Upcoming legislation, designed to regulate Local Lodging, is likely to include measures intended to counteract the “Disneyfication” of historic city centres. According to the current Socialist Party proposals, the imposition of quotas on a selective basis is “an admissible model” that should give a “relevant role to municipalities”. Since 2012, “AL” registrations have skyrocketed nationally from 7,533 to 58,252, a more than 7-fold jump. The increase in Lisbon during this period has been over 400%, primarily in the historic neighbourhoods.

Proposal to distinguish between small and large Local Lodging businesses

22 Friday Sep 2017

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The Left Block, a partner in the governing coalition, proposes changes to current Local Lodging legislation. Under the soon-to-be recommended plan, holiday letting not exceeding 90 days per year should continue to benefit from the current tax regime. Year-round operation – without a limit of days and designated as “tourist accommodation” (Habitação turística) – must be equated with a hotel activity and assessed on the same basis.

Potential minimum tax on pensions under NHR

22 Friday Sep 2017

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Government is studying a basic levy to Non-Habitual Resident pensions with possible introduction in the 2018 State Budget. According to the Jornal de Negócios, the step under consideration is applying a potential tax rate of 5-10%. Currently, NHR beneficiaries enjoy a 10-year tax holiday. The contemplated measure is said to be in the name of “good fiscal relations” with other European countries.