A study by the Francisco Manuel dos Santos Foundation reveals that the Portuguese tax system has approximately 800 active tax benefits, with nearly 40% of them currently unquantified, indicating a lack of transparency and planning.
This update is from Bica
Your quick shot of what's changing in Portugal and affecting your status, your home, your money, and whatever might disrupt your day. Short and clear updates, gathered from Portuguese sources.
No signup. No app download. Nothing to pay.
Read today’s briefing
Police forces have set 28 October as the deadline for the government to provide a formal response regarding career progression and salary adjustments. This move follows ongoing discontent within the security forces regarding their working conditions and compensation packages.
New tax withholding adjustments effective in November are designed to increase monthly take-home pay, but will lead to an estimated 70% reduction in IRS tax refunds in 2027. For a single taxpayer earning 1500 euros gross monthly, the estimated refund drops from 247 euros to 79 euros, as the money is distributed in advance throughout the year.
Young people (aged 35 or younger) living abroad as tax residents in another EU country remain eligible for IMT and Stamp Duty exemptions when buying a first home in Portugal. To qualify, the buyer must relocate and establish the property as their permanent residence within six months of the purchase. The full exemption applies to properties valued up to €316,772, with partial relief available for values up to €633,453.