Latest Updates

2026-09-14

IRS - Recommendation to Avoid Surprises in Final Settlement

The Order of Certified Accountants advises taxpayers to prevent unexpected outcomes in their final IRS settlement following the Prime Minister's announcement of tax relief up to the sixth IRS bracket. Paula Franco notes the adjustment is standard, with the tax table already updated for November's Christmas bonus payment, resulting in higher net pay and less withholding.

Read article

2026-09-07

Young Tax Regime – A Cautious Analysis to Avoid Unpleasant Surprises

The 2025 structural renewal of the Young Tax Regime (IRS Jovem) eliminated the requirement for taxpayers to have completed education at level 4 or higher of the National Qualifications Framework (QNQ), significantly expanding the eligible beneficiary pool.

Read article

2026-09-04

Social Security: Inclusion of Payment Deadline for Contributions to Prevent Delays

Social Security has introduced a new feature on its digital platforms, displaying payment deadlines directly on the list of pending contributions to help users avoid delays.

Read article

2026-08-24

Urban Rehabilitation VAT Rate Reduced to 6% Under New Law

Law No. 48/2026 clarifies that urban rehabilitation projects in legally designated ARU areas qualify for a 6% VAT rate, regardless of an approved ORU, resolving long-standing disputes over the previous tax regime.

Read article

2026-08-17

Madeira and Azores Secure Tax Breaks with 14% and 5% Rates for International Businesses

Madeira and the Azores offer reduced tax rates of 14% and 5%, respectively, for international businesses, enhancing regional economic appeal.

Read article

2026-08-07

Partial VAT Reimbursement Regime for Construction of Own Permanent Housing

The 'New Housing Package,' published on May 20, 2026, introduces tax relief measures to boost housing supply, including a new 'Partial VAT Reimbursement Regime' for individuals constructing their own permanent homes, alongside provisions exempting capital gains tax on residential sales when reinvested in moderately rented properties.

Read article

2026-08-01

Portuguese and Spanish Economic Councils Sign Collaboration Agreement

The Portuguese Order of Certified Accountants (OCC) and Spain's General Council of Economists (CGE) signed a collaboration agreement to promote professional development in accounting and finance across Europe and Latin America.

Read article

2026-07-30

Portuguese Cabinet Imposes Temporary 33% Windfall Tax on Oil Sector Profits

The Portuguese Council of Ministers has authorized a temporary 33% solidarity contribution targeting exceptional 2026 corporate profits recorded by fossil fuel extraction and refining companies.

Read article

2026-03-16

Portugal Enhances R&D Tax Credits with 32.5% Base Rate and 50% Incremental Incentive

Portugal introduces a 32.5% base tax credit for R&D expenses, plus 50% incremental credit for increases over the previous two-year average, capped at €1.5 million.

Read article

2026-03-15

Portugal Lowers Corporate Tax Rate to 19% in 2026, Boosting SME Incentives

Portugal’s 2026 corporate tax rate drops to 19%, with SMEs enjoying a 15% rate on the first €50,000 of income.

Read article