Taxation in Portugal

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Portugal’s Government has announced an increase in taxes for motor vehicle use and ownership from 2018. The main measure in the country’s draft 2018 Budget, the increase in the tax on new vehicle purchases will average 1.4 percent for petrol- and diesel-powered cars.

Just like in the rest of the world, the media in Portugal have been all over bitcoin because of the cryptocurrency’s growing popularity… and value. Back in April, Portuguese newspaper Jornal de Negócios contacted the Autoridade Tributária e Aduaneira (AT), a financial organism similar to the IRS that’s part of the Ministry of Finance, in […]

Banks in Portugal will no longer be able to pass a tax on card transactions on to customers, the country’s Assembly has ruled. In a note, the Assembly clarified that “the holder of economic interest in the fees,” which it described as credit institutions, financial companies or other entities legally equivalent to them, should be […]

Portugal’s parliament rejected on Wednesday a government proposal to cut the social security tax companies pay on the minimum wage, in the first such defeat for the administration after two far-left allies opposed the move.

Portugal’s president approved a decree on Tuesday cutting the social security tax companies pay on the minimum wage, but parliament looked set to block the measure in a move that could expose cracks in the government’s alliance with the far left.

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