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Monthly Archives: December 2016

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Local Lodging in the winter season

With wintertime coming, many property owners may want to take the easy road and accept long term rentals (more than 30 days) from tourists who wish to enjoy the Portuguese climate during the winter.

This is not Local Lodging but long term rental. A written contract has to be drawn up and registered with the TAX Office. Owners under the age of 65 have to issue monthly electronic receipts. All owners have to send a Summary to the Tax Office after the period has finished. In the tax declaration, this income will be declared under Category F, with a tax rate of 28%, In this case, certain costs can be deducted.

Airbnb abandons New York City lawsuit

Airbnb has capitulated to lawmaker demands over its operations in New York City, agreeing to drop a legal challenge against newly passed legislation. The suit disputed a recent state law calling for fines up to $7,500 for illegally listing short-term offerings on online rental platforms such as Airbnb.

IMI Supplement to be aggravated

The Rates Supplement (AIMI) will be aggravated to 7.5% for properties registered in offshore companies. The measure is integrated with other changes to the State Budget for 2017. This alteration, together with other modifications to AIMI as well as lower than expected inflation, is intended to help pay for an extra €6 increase in basis pensions, as demanded by the coalition of left-wing parties.

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