Housing tax package

Housing tax package: what changes for tenants and landlords?

The new housing tax package approved by the Government aims, in broad terms, to respond to the housing and access-to-housing crisis currently affecting the country. There is an urgent need to increase the supply of homes on the market at prices that most people can afford, both to buy and to rent.
taxes in portugal for foreigners

Key documents you need to file your tax return in Portugal

For most residents who file their tax return in Portugal, the Tax Authority already holds much of the information needed for the automatic IRS return, based on invoices and data reported by employers, banks and other entities. However, some types of income and deductions are not filled in autom
buying property in portugal steps

Checklist for buying property in Portugal: steps for a safe purchase

If you’ve been scanning listings in the Algarve, eyeing up townhouses in Lisbon, or thinking about a slower pace in the Alentejo, having a clear checklist for buying property in Portugal makes the whole process far less daunting. The system for buying a house in Portugal isn’t especially compli
Household expenses in Portugal in 2020 / Photo by Eugene Chystiakov on Unsplash

Household expenses in Portugal in 2020

Everything indicates, except in the case of unexpected surprises, that the Portuguese will benefit in 2020 from an increase in purchasing power, thanks to improved economic conditions and falling unemployment, together with an expected rise in wages, on average, above inflation.
Ashley Batz/Unsplash

Taxes for residents and non-residents when buying property in Portugal

The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home.
What is the IMT and how is it calculated?

IMT: what it is and how to work it out

The Municipal Property Transfer Tax (Imposto Municipal sobre a Transmissão Onerosa de Imóveis or IMT) is a tax on onerous transfers of properties in Portuguese territory.