Do you own real estate in Portugal? If so, don’t forget to pay the annual property tax this month…

 

Real estate owners are required to pay an annual property tax in Portugal and the amount is based on the real estate’s tax value and varies depending on the municipality in which it is located.

As a general rule, the annual property tax is payable in three installments (it could be less if the tax payable is of a small amount) in May, August and November. So, don’t forget to pay it by the end of this month (May).

 

TIP Courtesy of TLAG Partner-Tania Franco, Portuguese Tax Advisors

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