For contracts reviewed in April, the monthly payments to banks will drop between 30 and 115 euros, based on simulations conducted by DECO PROteste/Contas e Direitos (ECO). This marks the lowest instalments in two and a half years for loans linked to the six-month and 12-month Euribor rates. This reflects the outlook for monetary policy … Read more
Protecting personal data in the digital age is essential to guaranteeing our privacy and security online. Here are some practical tips to avoid taking risks: 1. Use Strong, Unique Passwords and Complex Passwords: Use passwords that combine capital and lowercase letters, numbers and symbols. Different passwords for each account and avoid using the same password … Read more
Homeowners in Portugal will see some financial relief in December, with reductions of up to €130 for an average mortgage of €150,000 over a 30-year term. Monthly payments on contracts due for review next month will drop significantly, driven primarily by declines in Euribor rates, which serve as the benchmark for most home loans in … Read more
The proposed State Budget (SB) law for 2025 was approved in general terms with votes in favor from the two parties supporting the Government, PSD (social democrats) and CDS-PP (people’s party), and abstention by the PS (socialist party). After two days of debate, the Assembly of the Republic approved the SB proposal with favorable votes … Read more
According to the Bank of Portugal (BdP), one in five new loans was granted to foreign citizens, whether residents or non-residents in Portugal The share of foreign citizens (residents and non-residents) in the total stock of real estate credit increased from 6.9% in December 2022 to 8.2% in June 2024. These figures, reflecting the analysis … Read more
The changes to the IRS for 2025 promise an increase in disposable income for most workers and pensioners. The IRS has undergone a number of changes, introduced through the OE 2025, the effect of which will be partially felt in the coming months, through withholding tax, and with the final adjustment scheduled for when the … Read more
In a recent interview, Portuguese Prime Minister António Costa announced that the country’s Non-Habitual Resident (NHR) tax regime will be abolished for new applicants starting in 2024. The NHR regime offers a range of tax benefits to non-residents who move to Portugal, including a 10-year exemption on most foreign-sourced income and a reduced tax rate … Read more
