Final day for annual income tax filings
Today marks the final deadline for taxpayers to submit their personal (Imposto sobre o Rendimento das Pessoas Singulares or IRS) and corporate (Imposto sobre o Rendimento das Pessoas Coletivas or IRC) income tax returns. Failure to submit the declaration for the previous year by the end of the day will result in fines starting at 25 euros.
Housing fiscal measures are government tax changes or incentives aimed at the property market — examples include changes to property tax (IMI Imposto Municipal sobre Imóveis), stamp or transfer taxes (IMT Imposto Municipal sobre Transmissões Onerosas de Imóveis) and income‑tax (IRS Imposto sobre o Rendimento das Pessoas Singulares) deductions for renovations or rental incentives. The estimated €200–300 million budgetary cost shows the measures have a meaningful impact on public finances and signals whether the government is prioritising tax relief for homeowners, landlords or construction, which can affect property prices and rental markets that matter to expats.
The corporate income tax (Imposto sobre o Rendimento das Pessoas Coletivas or IRC) is a tax levied on the profits of companies operating in Portugal. It applies to both resident entities and non-resident entities with income generated within the country.
