Portugal
Main tax measures in Law Proposal 47/XVII/1
Law Proposal 47/XVII/1 seeks to authorize the government to approve tax relief measures aimed at increasing Portugal’s housing supply.
This proposal grants the government the authority to (i) amend core tax codes and regimes, including value-added tax (“VAT”), personal income tax (“PIT”), corporate income tax (“CIT”)/tax benefits statute (“TBS”), and municipal property transfer tax (“IMT”); and (ii) approve three distinct regimes:
- Partial VAT refund: For construction work related to primary and permanent residences
- Rental investment contracts (“RIC”)
- Simplified Affordable Rent Regime (“SARR”)
This law proposal is subject to potential changes during the parliamentary process.