The conclusion of the European Recovery and Resilience Plan (PRR) funding will lead to a reduction in public investment across several sectors. Specifically, the Infrastructure and Housing budget is set to decrease by 8.9% in 2027 as the reliance on these EU funds ends.
This update is from Bica
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The government expects that conditions to launch the Public Offering (OPV) for the 5% stake in TAP reserved for its workers may be met by early January 2027.
Tax residency in Portugal is determined by spending 183 days or more in the country during any 12-month period, or by maintaining a home that functions as your habitual residence. Residents are liable for tax on worldwide income, with income tax rates ranging from 12.5% to 48% in 2026, plus surcharges, and investment income generally taxed at 28%. If you have connections to the UK, you must also navigate the UK's Statutory Residence Test (SRT) and the UK-Portugal double taxation treaty to avoid double taxation or compliance issues.
Spanish manufacturer Talgo intends to propose high-speed trains capable of running on both Iberian and international (European) gauges for Portugal's high-speed rail tender. While the 504 million euro CP tender does not currently require or incentivize variable-gauge technology, Talgo argues this capability would provide long-term flexibility should Portugal transition its infrastructure in the future. The company also stated its intent to develop local capacity for maintenance and labor training in Portugal if awarded the contract.