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.
Taxes for residents and non-residents when buying property in Portugal
Aug 17, 2022 Economy
The difference between buying a house in Portugal being a resident or not depends on the purpose of the house. If you buy a house to live in Portugal, you are buying a permanent home and are a resident, but if you do not live in Portugal and you buy property there it will count as a second home. This affects the property taxes you’ll have to pay.