Latest news and stories about imi tax in Portugal for expats and residents.
Portugal's tax authority sought €62 million in IMI (municipal property tax) from dam concessionaires, yet the companies have paid just 3% of the claimed amount.
Court rules in favour of the municipality of Miranda do Douro: IMI must be paid and applies to the entire property. The municipality says the decision is “a beacon that lights the path for all other municipalities with dams that are taking on EDP and Movhera”.
The organisation suggests 'base annual property valuations on recent sales or rental data' to increase revenue
The Portuguese Socialist Party (PS) intends to increase the municipal property tax (IMI) on unoccupied properties, raise the property transfer tax (IMT) applied to foreign purchasers, and enable municipal councils to take on debt to finance housing construction.
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.
Property owners with an IMI (Municipal Property Tax) exceeding 100 euros have until today to pay the final instalment of this tax.
Property owners with an IMI (Municipal Property Tax) exceeding 100 euros have until this Sunday to pay the final instalment of this tax. 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.
