Based on the number of overnight stays last year (6.8 million) to be charged at 2 euros per night per person, the total anticipated revenue for the municipality is expected to reach 13 million euros. The city is preparing the process of applying the new tourist tax and anticipates implementing the new levy in January next year.
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Majority of Local Lodging buildings were vacant
60% of the buildings currently used in Local Lodging were previously uninhabited according to a recent study issued by the Portuguese Hotel Association (AHRESP). Only…
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“IRS 2017” reporting underway
Five million households have two months ending 31 May to submit their “IRS” income tax return for 2017. The reporting period began on 01 April…
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Foreigners bought 25% of the homes sold in 2017
Last year, 152,000 homes were sold in Portugal, an increment of 25%. French and Brazilian are the foreigners who are buying more properties. The jump…
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Algarve councils to levy tourist tax
AMAL, the Algarve’s mayors’ group unanimously approved the introduction of a tourist tax for visitors staying in the region’s hotels and local lodging establishments. All…
