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Tourists down, income up in Summer 2018

Portugal received 128,000 fewer foreign visitors this summer than in the same period last year, a drop largely due to fewer holidaymakers from the United Kingdom. Between June and September, 5.5 million travellers came to Portugal, down 2.2% when compared to the same period in 2017. However, revenues rose to 1.7 billion euros during the period, up 4.4%.

Óbidos to charge a €1 tourist tax as of 01 December

The levy on holidaymakers will be applied to all guests over the age of 13 who stay up to 5 consecutive nights in hotels, apartments, villages and tourist developments, campsites or local lodging establishments in the municipality of Óbidos. The town council hopes to collect ±€200,000 annually in fresh revenues with the new charge.

Local Lodging: tax revenues double

Tax receipts from Local Lodging (“AL”) grew from €69,000,000 to €123,000,000 between 2015 and 2017, as revealed by the Secretary of State for Tourism, Ana Mendes Godinho. “AL” license registrations also increased almost twofold from 28,000 to over 50,000 over the same period.

Property Transfer Tax

The Municipal Property Transfer Tax (“IMT”) which was scheduled for extinction in 2017 by the previous government will be maintained, according to the 2016 State Budget Proposal. The tax is currently the second largest source of revenue for local municipalities.

Property transfer tax to stay on in 2016

The IMT will not be abolished in 2016. The gradual wind down is now scheduled to begin in 2017. For City Halls around Portugal, this means that they can continue to count this revenue of approximately €180 million in 2016.

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