Latest news and stories about property tax in government in Portugal for expats and residents.
The Portuguese Tax Authority has clarified that young people under 35 are ineligible for first-home tax exemptions if they already own shares in residential properties, regardless of whether those shares were acquired through inheritance or donation.
In Portugal, nearly 651,000 taxpayers were exempt from the Municipal Property Tax (IMI) in 2024 due to low incomes and reduced property values. This exemption affected 650,907 taxpayers, covering over 2 million rural and urban properties. The criteria for exemption include a gross income cap of €16,398.1 and a property value limit of €71,296.4. The IMI collection for municipalities was €1,500.3 million, showing a slight decrease from the previous year. The OECD has suggested reforms to the property tax system to support the housing market.
Analytical guide to February tax and reporting deadlines for businesses and households in Portugal, compiled by EContas. The piece maps key obligations to the Tax and Customs Authority (AT) and Social Security — notably the Day 2 submission of Corporate Income Tax (IRC) and Personal Income Tax (IRS) model declarations — and flags other relevant liabilities such as IUC (vehicle tax) and AIMI (additional municipal property tax).
Paula Franco, president of the Order of Certified Accountants (OCC), told parliament that applying a 6% VAT rate to construction as currently conceived is “not viable”. She warned the proposal could have serious implications for construction costs, accounting compliance and housing affordability and urged a rethink of the reform’s design.
“The changes must be carefully considered. Any legislative change needs to safeguard and not jeopardise what we have as of today,” stated Cláudia Reis Duarte during a parliamentary hearing, warning that any change in legislation, by itself, “could generate new litigation.”
The Secretary of State for Tax Affairs, Cláudia Reis Duarte, argued this Tuesday that changes to the Municipal Property Tax (IMI) code regarding dams, wind farms, and photovoltaic parks must be managed with caution to avoid creating new legal disputes. Any legislative change needs to be safeguarded so as not to undermine...
The proposal was approved at the executive meeting to open a 30-day public consultation period for any contributions.
The tax authority demanded €62 million in IMI (municipal property tax) from dam concessionaires, but the State collected only 3% of the amount because the remaining assessments are being contested in court, the institution's director said today.
Home Property Building Portugal at 6 (%) VAT rate – The Three King’s Gift? Building Portugal at 6 (%) VAT rate – The Three King’s Gift? Embracing the Christmas season’s spirit of giving, the Portuguese Government submitted, on 2nd December the, Proposal No.
Raising IMI, limits on the taxation of capital gains from the sale of homes, and higher taxation of 'underused' or vacant dwellings in 'high‑demand areas' are the main recommendations of an OECD study published today.
Home News Portugal property taxes to fall Portugal property taxes to fall The price per square meter for IMI property tax purposes and the fiscal valuation of properties will fall to €570 in 2026, a drop that puts an end to three years of maintaining this value.
This is the first time the average construction value has risen since 2023.
At 17:00: The value used to calculate the municipal property tax (IMI) will increase in 2026.
The IMI on new homes, reconstructions and revaluations will increase. This results from a rise in the average construction cost per square metre, published in the Diário da República.
The classification of the entire city territory as an Urban Pressure Zone (ZPU) has been extended for another year, with only the Chega party voting against it. The measure penalises vacant buildings with an increased property tax rate (IMI).
The Socialist-majority Gondomar City Council approved on Tuesday, with abstentions from PSD/IL and Chega, a 2.5% reduction in the Municipal Property Tax (IMI) in the budget to be presented for 2026, the municipality reported. In this context, the rate applicable to urban properties located in the urban parishes – Baguim do Monte, Fânzeres and ...
Properties above 1.28 million are already facing an IMT of 7.5%, whether the buyers are Portuguese or foreign, tax experts remind us. In the medium term, the measure is expected to end up in the Court of Justice of the European Union, they believe.
Tax expert Nuno Oliveira Garcia analyses the final version of the State Budget for 2026 and explains whether taxpayers will save or pay more in income tax, property tax, and capital gains tax on inheritances.
A review of the press highlights that families have saved 345 million euros on property tax (IMI), while the proposed VAT reduction for the construction sector could potentially breach European legislation.
Families have managed to save a total of 345 million euros in property tax (IMI) this year.
The IMI 'bill' is automatically divided into two or three payments depending on whether its value is between 100 and 500 euros or exceeds 500 euros.
This Sunday marks the deadline for paying the last instalment of the Municipal Property Tax for taxpayers who pay in two or three instalments.
The Oeiras City Council will raise the minimum rate of the Municipal Property Tax to the legal maximum of 0.45% for urban properties, a proposal criticized by the PS, which accuses the executive of “further penalising families and businesses.” The municipal executive approved this on Wednesday, with a majority of nine votes in favour from Inov25.
