AL (ALOJAMENTO LOCAL) LEGALIZATION - RENTING OUT YOUR PROPERTY TO TOURISTS

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Opening an Activity - Finanças

 

For this step you have to go to Finanças or to Portal das Finanças website.

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Opening an Activity - Segurança Social (Social Security)

When you officially start your activity, you are part of the Portuguese Social Security system, therefore there is a monthly fee to be paid.

In case of working for a third party, already contributing for the Social Security in Portugal or any other country in the EU, or if you are retired, you can apply for exemption.

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VAT / TAX

You are part of the Exemption scheme where TAX is not to be paid, if the yearly income is up to 10.000,00€.

A reduced TAX of 6% is charged if this yearly income is over 10.000,00€.

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Income Taxing - IRS or IRC

You may provide AL services as a self-employed person (your income will be taxed as category B - IRS), or establish a company for that purpose.

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Modelo 30 - Document to be declared

Where income is paid to non-resident taxable citizens, the Modelo 30 is the document to be submitted by the second month after payment of the income (commissions or services).