Tourism Tax in the Algarve?

Some weeks ago, the intermunicipal community of the Algarve (AMAL – Comunidade Intermunicipal do Algarve) agreed on the introduction of a region-wide tourist tax, although details have not yet been decided.

As it seems, out of the 16 councils, only Silves voted against the introduction of a tourist tax in the Algarve. Continue reading

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Portugal’s New Popularity

Everyone who recently visited Portugal must have felt it’s new vibe. It’s almost as if it awoke from a long rejuvenating sleep, presenting itself to the world in a more attractive shape since the end of the recession in 2013.

Hidden behind the big neighbour Spain for decades, Portugal suddenly overcame its unpopularity and became a hotspot for both visitors and investors. For its inhabitants this certainly did not come as a surprise as we have been asking ourselves for a long time why its varied natural beauty, superb gastronomy, welcoming people and rich cultural heritage have not been enough to convince many people to explore this country. Continue reading

Vilamoura Sold!

International investments in the world famous resorts of Vale de Lobo and Vilamoura have been massively reported in the media during the last couple of months.

Vilamoura is a resort town in the heart of the Algarve, covering more than 2,000 hectares, of which 70 are building land (for hotels and more than 5,000 villas and apartments), the prestigious 825 berth marina, awarded Best International Marina in 2015 by the Yacht Harbour Association, 5 golf courses, a golf academy, a casino and the controversial “Cidade Lacustre”, a project which contemplates the flooding of thousands of hectares of agricultural land to create a luxury “lake city”. Due to its status as a resort, it is run by a management company (Lusort) which is responsible for the town as a whole. Continue reading

Alojamento Local (AL) – Local Lodging

The new law for local lodging (Alojamento Local – AL) – Decree Law 128/2014, published on 29th of August 2014 – makes it mandatory for income received from short term property lettings to be declared to the tax department as business activity. This law will come into force next November 27th, adding substantial changes to the existing law from 2008.

If you let out your furnished property (Alojamento Mobilado para Turistas) on a short term basis (less than 30 days) or if it is advertised in any form as tourist accommodation, you will have to: Continue reading