A Myopic Balance Sheet
A reflection is warranted on whether we are truly willing to reimagine the role of financial statements under IFRS in enabling informed decision-making in the insurance sector. The fundamental purpose of financial reporting is to provide a true and appropriate representation of the economic reality of an insurance company: its financial position, its performance ...
Lawyers' and Solicitors' Pension Fund made profits of €40–50 million in 2025
The re-elected president, Victor Alves Coelho, announced a new extraordinary subsidy for pensioners.
DORA: the new law that could change who pays the bill for digital fraud — banks or customers?
DORA (Digital Operational Resilience Act) is a new EU law that may shift responsibility and costs for digital fraud by imposing stricter security, reporting and liability requirements on banks and financial firms, potentially changing whether banks or customers bear the losses.
Rising fuel prices and traditional restaurants under strain
In this episode we discuss the rise in fuel prices, the closure of hundreds of restaurants, the sale of a Caixa Geral de Depósitos (CGD) bank in Cape Verde, and the tax authority's clarifications regarding income-tax‑exempt bonuses. Also featured are the increase in financial scams, the EU–Mercosur agreement and Portugal's presence at the Davos Forum.
More than €90,000 lost to fake investment schemes on Facebook
Two men filed complaints with the Polícia Judiciária against financial investment platforms.
Files complaint against operator over nearly €600 charge for SMS to Haiti
A man filed a complaint with the Judicial Police in Lisbon, saying he lost €592.20.
Tax Authority clarifies that salary bonuses exempt from IRS do not increase the tax rate
Some salary bonuses exempt from IRS, such as productivity and performance bonuses, will not cause the tax rate to increase, the Tax Authority clarified. However, there are exceptions.
PJ arrests 67-year-old convicted woman for fraud
In 2016 the woman and her son devised a plan for her to obtain powers of attorney from elderly people, which allowed them to manage the seniors' bank accounts and transfer the money into their personal accounts.
Reports of scams involving easy credit and cryptocurrencies soar by 83% over five years
PRESS REVIEW || The most common schemes promise quick credit, no bureaucracy, or guaranteed approval
The hangover from wine pyramid schemes
Every year dozens of Ponzi schemes appear around the world. The trick keeps recurring and investors keep falling for it.
Do you have paper Savings Certificates? Find out how to convert them
If you hold Savings Certificates in paper form, learn the steps to convert them to the current format and where to go for the exchange.
Did you know you can have a current account for a maximum of €5.37 per year? Find out how
Having a basic bank account that provides minimum services does not prevent access to other products
The return of traditional securitisation
As of 10 December 2025, significant changes to the legal framework for credit securitisation will enter into force. These changes concern the 'implementation', in Portugal, of Regulation (EU) 2017/2042, which established a specific regime for simple, transparent and standardised securitisation (the so‑called 'STS securitisation'). As of today, the STS Regulation ...
Important: this is the deadline to notify the tax authorities of your household for the IRS — and what happens if you don't
The Tax Authority has already published the deadlines for 2026. One of the first steps in preparing to submit your income tax return concerns notifying the tax authorities of your household. Magda Moura Canas, spokesperson for Deco Proteste, explains everything you need to do.
The requirement to submit the income tax return by 20 January
Article 119 of the IRS Code establishes a set of reporting obligations for entities that pay income, contributing to the reliability of the tax information that underpins the calculation of tax due by taxpayers. Despite the increasing digitisation of tax processes and the sometimes entrenched perception that some of these ...
Luxury-wine pyramid scheme dupes 500 Portuguese
A London-based company required a minimum investment of €5,000 in bottles that investors never saw.
ASF Conference: 'It's politically taboo to talk about pensions'
Raising savings for long-term investments, such as for retirement, brought together four leading insurers in the mobilisation and management of Portuguese savings for a debate during the conference held by ASF this Monday. 'Turning savings into a strategic instrument' was the theme cited by Isabel Castelo Branco — President of BPI Vida e Pensões, ...
International funds appeal decision that sided with the Bank of Portugal in BES resolution
International funds will appeal the decision of the Lisbon Administrative and Tax Court (TAF) that sided with the Bank of Portugal (BdP) over the transfer of €2.2 billion in non‑subordinated Novobanco bonds to the 'bad BES' ten years ago. The case concerns the appeal brought by PLMJ lawyers, André Figueiredo ...
Strategic financial planning for 2026 and beyond
A key reason to review your wealth management is to confirm it is up to date. Establish how tax and regulatory reforms in Portugal and the UK could affect you, The post Strategic financial planning for 2026 and beyond appeared first on Portugal Resident.
Court backs Banco de Portugal over BES investor claims
A Lisbon Administrative and Tax Court ruled in favour of Banco de Portugal in a test case brought by international funds (including names reported such as BlackRock and PIMCO) challenging the BES resolution, dismissing compensation claims that exceeded €2 billion. The ruling clears the central bank of the claims in this case and reduces a legal overhang for regulators and public finances, though other suits may persist. For expats in finance or holding Portuguese-linked securities, the decision matters for market confidence and signals lower immediate risk of a large central-bank payout related to BES.
Banco de Portugal is Portugal’s central bank, founded in 1846, responsible for banking supervision, financial stability and representing Portugal within the European System of Central Banks. For expats, it matters because it regulates banks and financial resolutions, influences monetary and payment rules, and can be involved in legal disputes with international investors.
The BES resolution was the August 2014 intervention by Banco de Portugal that split Banco Espírito Santo into a ‘good bank’ (transferring viable assets to what became Novo Banco) and a ‘bad bank’ holding toxic assets, with shareholders and many bondholders taking losses. The move aimed to stabilise the financial system but later led to legal claims from international funds and long-running litigation.
Refund of tuition fees remains uncertain. Listen to the 'Ao trabalho!' podcast
The latest episode of the weekly podcast 'Ao trabalho!' examines lingering uncertainty over tuition fee refunds and the implications for pay awards that recognise qualifications. Finance Minister Joaquim Miranda Sarmento’s response on the pay-award question is discussed alongside fast-moving items on labour policy, employment law and the state budget, with analysis of what these developments mean for workers and expats. The short, under-five-minute episode aims to distil key takeaways and policy consequences for those following workplace rights and public spending.
SAF-T Invoicing, VAT and Corporation Tax: See January's tax obligations
EContas outlines the key tax and reporting obligations due in January so businesses and households stay compliant with the Tax and Customs Authority (AT) and Social Security (SS). Important January items include the Day 9 electronic communications for IRS (personal income tax), IRC (corporation tax) and VAT, SAF‑T invoicing requirements, VAT returns and payments, and related Social Security filings — all with strict deadlines and penalties for late or incorrect submissions. Use the EContas checklist to prioritise filings, confirm filing channels (electronic transmission), and avoid sanctions.
Family providing foster care for two children loses parental allowance. "It's an injustice"
A family providing foster care for two children has been ordered by Social Security to repay more than €5,500 after losing their parental allowance. The parents call the demand an injustice and cite contradictory information and a lack of support from official services. The case highlights administrative confusion around parental-benefit eligibility, potential gaps in guidance for foster and expat families, and wider questions about transparency and appeals in welfare policy.
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