As reported in the Algarve Resident recently, the Chinese consider Portugal to be the best country in Europe to invest. This is not only due to the lower cost of living, the healthy lifestyle and healthcare but it also shares the same kind of culture. Such examples of investors is Fosun who recently invested in […]
Articles in the ‘Tax Issues’ Category
A summary of the key taxation changes to existing legislation as a result of the Chief Ministerâ€™s budget speech on 30 June 2014. These changes are effective as from 1 July 2014. Share on Facebook
According to a survey made by Castle Cover, who surveyed 23 countries based on criteria such as hours of sunshine, rainfall, temperature, property price, murder rate, healthcare, distance from home and the grocery index. Castle Cover found Portugal to be in second place after Malta, which had more sunshine hours and which also has […]
This is a new tax coming into effect with the first payment due before the end of the year and is in addition to the existing IMI. For privately owned properties and all properties owned by white listed companies, for 2012 the new stamp tax will be 0,5% or 0,8% of the patrimonial value depending […]
With no inheritance or gift tax burden and no wealth tax and reduced or deferred taxation on dividends and other capital income Portugal becomes very interesting for high net worth individuals .
Portugal has signed a Memorandum of Understanding with the European Commission, European Central Bank and the IMF.