Portugal Adopts IMT Jovem for Young Homebuyers

Portugal Adopts IMT Jovem for Young Homebuyers

The new measure will take effect on August 1, 2024. The Republic President of Portugal has promulgated a government diploma that allows young people up to the age of 35 to be exempt from paying the Municipal Property Transfer Tax (IMT) and Stamp Tax (IS) when...

Portugal to Reinstate NHR Tax Incentives

Portugal to Reinstate NHR Tax Incentives

The Portuguese government plans to reintroduce tax incentives for non-habitual residents as part of a broader economic stimulus package. This initiative aims to support companies and the economy, being the focus to attract foreign professionals by offering a fixed...

Portugal 15th Best Country for Expats

Portugal 15th Best Country for Expats

As an English-speaking accounting and payroll firm in Portugal, Oporto Accounting, observes that Portugal has been ranked 15th best country for expats in Expat Insider 2024 ranking Which evaluates the best countries for people living abroad. This annual survey...

Porto Offers Fee Exemptions and Reductions for Startups

Porto Offers Fee Exemptions and Reductions for Startups

Porto, second biggest city of Portugal, will start providing tax benefits to startups.   The decision results from following a memorandum of understanding signed between the municipal council and Startup Portugal. This agreement coincides with the inauguration of...

European Commission Applauds Portugal’s Economy

European Commission Applauds Portugal’s Economy

The Executive Vice-President of the European Commission, Valdis Dombrovskis, commended Portugal for its "outstanding economic performance" during a press conference following the presentation of the European Semester spring package. This latest assessment from...

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