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Local Lodging (“AL”) is the source of livelihood for 60% of Lisbon owners

In almost two-thirds of cases, Local Lodging (“Alojamento Local”) is the main economic activity for Lisbon homeowners who choose to let holiday accommodations to tourists. This is one of the conclusions of the study on “AL” offerings in the Portuguese capital that was developed by the Higher Institute of Labour and Business Sciences (ISCTE). According to the same study, almost 86% of “AL” offerings are in apartments.

Probing public opinion…

On the weekend, a notice appeared in the national media that the Government may plan to increase the taxation on the AL sector in the 2017 budget.

This information is probably a test balloon to gauge public opinion on this matter.

There has already been strong opposition by some industry members, and NALLE will be voicing its opposition any such move with the Authorities.

For the moment, any news in this regard should be taken with calm. Nothing is eaten as hot as it is cooked!

IMPORTANT NEWS – LL renewals

The Government is tying up some loose ends:
 
Home owners who rent out their property to tourists, have to prove to the City Hall until December 28, 2014 that they registered their activity with the Tax Office, otherwise they risk losing the Local Lodging License (Alojamento Local). 
This way, the state wants to make sure it receives taxes from all businesses.

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