Tag Archives: tax evasion

The Tax Authority tightens its siege on “AL” operators

02 Thursday May 2019

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Attentive to Local Lodging activities, the tax man is tightening its grip on owners who fail to report and pay their taxes. Online platforms may soon be required to share information on customers, according to the Jornal de Notícias. The aim of the Portuguese Revenue is to avoid fraud and tax evasion. To this end, the ministry is studying ways to force the holiday letting reservation platforms to report “AL” operator data to Finanças.

Cash withdrawals over €50,000 to be reported

23 Thursday Aug 2018

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Tax and Customs Authority (AT) will gain access to data regarding cash withdrawals exceeding €50,000. The measure is part of a Strategic Plan to combat fraud and tax evasion that sets priorities until 2020. The document identifies three strategic lines of intervention that will be implemented through 95 measures in legislative, criminal and operational actions.

Tax Evasion

21 Monday Nov 2016

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According to a recent report issued the Economics and Fraud Management Observatory of the  University of Porto, the main causes of tax evasion in Portugal are the burden of direct and indirect tax on businesses and households as well as Social Security contributions. Other causes include the intensity and complexity of laws and regulations (bureaucracy in general) and the lack of credibility of sovereign bodies.