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Latest News

Tax burden in Portugal up in 2017Despite an increase of three tenths, Portuguese taxation remained below the European average last year. In Portugal, the weight of taxes reached 40.2% of GDP and in the Euro Zone...Read more
The next step for Automatic VAT in 2019: the e-InvoiceFollowing the automatic IRS, the “AT” advances to automate VAT in three phases. The Tax and Customs Authority has taken the first step in automating the VAT declaration, making available pre-filling...Read more
Portugal elected again “best holiday destination in the world”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...Read more
Paper invoices to end in 2019Beginning in January, paper invoices will start to be phased out with transactions transmitted in real time directly to the “AT” (Tax Authority). Consumers will only receive a hard copy...Read more
Renting rooms may imply losing “IMT” discountThe Tax Authority can now claw back “IMT” tax breaks when owners engage in Local Lodging or letting rooms to students. If you bought your home as your “personal and...Read more
Sole Traders to have new basis for Social Security contributions in 2019The rules governing Social Security contributions for self-employed workers are changing in January. Graduated income tax brackets will no longer be the reference point. Payments will be based on 70%...Read more
Social Security deductions unchanged until 2019Freelancers will keep their current level of Social Security deductions until the end of 2018. In the past, October has served as the basis for updating sole traders’ contributions for...Read more
The "Dark Side" of Golden VisasThe Global Anti-Corruption Consortium recently presented a report revealing important data on the obscure world of Golden Visas. Four EU countries sell citizenship, twelve offer permanent residency permits. Golden Visas...Read more
Sole traders: Via CTT remains mandatory, but no finesAfter catching tens of thousands of freelancers in June who failed to adhere to CTT electronic notices, Finanças plans to eliminate the penalties. Those not on the system will now...Read more

If you are a landlord and, during the term of a lease, increase your tenant's rent by the amount of inflation (the maximum allowed by law), you must inform Finanças what the new rent will be. This communication to the Tax Authority is mandatory and can lead to the payment of a 10% Stamp Duty on the amount of the monthly rent increase.

The new value must be communicated through the “AT” website by the end of the month following the month in which the change occurs. Payment can be made at the Local Finanças office, at an ATM or via electronic banking. When communicating the change online, you will be issued a payment note with the multibanco payment reference on the “AT” website.

If the amount due is less than €10, there is a technical exemption, and no tax is due.  For example, you charged a monthly rent of €500 in 2017. The inflation adjustment percentage is 1.15% or €5.75. The difference is less than €10 so no Stamp Duty is due.