Latest news and stories about financial support in Portugal for expats and residents.
The Minister of Finance challenges companies and families with debts to request an instalment plan to access support from the storm Kristin.
The CEO of Banco Montepio, Pedro Leitão, emphasizes the quick provision of financial support for individuals and companies impacted by the storms.
Debts from vehicle tax and motorway tolls prevent access to support. Beneficiaries can only access public aid if they do not have debts to the tax authorities and social security.
The Order of Certified Accountants (OCC) is set to release a template to help entrepreneurs affected by severe weather document damages to their properties. This template will assist in substantiating requests for financial support, as announced by OCC president Paula Franco.
Families and businesses burdened with tax debts, specifically from the Vehicle Tax and highway tolls, are being excluded from state financial support aimed at helping recover assets destroyed by recent storms. To qualify for public aid, beneficiaries must not have any outstanding debts to the Tax Authority or Social Security.
The amount will be transferred to the IBAN provided by the applicant, as an advance or reimbursement of expenses, with deadlines starting from the date of receipt of the complete application.
Support will cover expenses incurred in works for permanent own housing, as well as for “temporary relocation expenses”. Local authorities will be responsible for estimating costs.
This article discusses the conditions required to receive financial support for house reconstruction, which can amount to up to 5,000 euros without the need for an inspection. The support is intended for expenses related to permanent housing and temporary relocation, with local authorities tasked with estimating the costs.
