SAVE MONEY TODAY with well known currency broker, GCPartners
Aug 2, 2020 Economy
They will help you saving time and money on all your currency transactions. There are numerous situations where you need to make a payment in another currency; A property purchase; An owner with regular bills to pay; Come regularly on holiday to the Algarve... GCPartners is HMRC and FSA regulated and authorized.
Government reduces tax to second hand vehicles from EU
Jan 12, 2021 Economy
The state budget has changed the formula for calculating vehicle tax applied to second hand cars imported from the European Union and has begun to take the environmental component into account to reduce tax depending on the age of the vehicle.
Rents freeze in 2021 in Portugal
Jan 11, 2021 Economy
House rents will be frozen in 2021, INE estimates confirmed. After five consecutive years of rising, there will be no increase in home and trade rents in 2021.
End of Golden visas in metropolitan and coastal areas approved
Jan 11, 2021 Economy
The Council of Ministers has approved a decree-law that ends golden visas in the coastal regions and metropolitan areas of Lisbon and Porto, which will come into force in July 2021, with a transitional period.
The Spanish pensioners are joining the French, Germans, Swedish and Finns in retiring in Portugal and taking advantage of Portugal’s Non-Habitual Resident tax regime.
Apr 3, 2019 Economy
Spanish pensioners move to Portugal for tax benefits. The spanish newspaper says the “people are hospitable,” the “cities are attractive,” it highlights Lisbon, Porto and Braga and mentions the “vast rural landscape,” “healthy diet” and “wild unspoilt coastlines”. ABC states that interest from British citizens has also picked up over Brexit uncertainties with the Lisbon and Porto regions attracting most applications for the NHR regime as well as the Algarve and Madeira. Retired Spanish over 65 group are opting to move to Portugal to avoid paying higher taxes in their own country. ABC states the moving to Portugal means saving thousands of euros in tax payments.