The coalition partner, Left Block (“Bloco Esquerda”), will soon propose to the General Assembly to do away with the Golden Visa Programme. They consider the immigration shortcut to be a source of corruption, influence peddling, embezzlement, money laundering, tax and criminal offences and unfair discrimination between those who have money and those who don’t.
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.