AL (ALOJAMENTO LOCAL) LEGALIZATION - RENTING OUT YOUR PROPERTY TO TOURISTS
Opening an Activity - Finanças
For this step you have to go to Finanças or to Portal das Finanças website.
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.
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€.
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.
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).
Are you looking into opening an AL?
For more information or a quote contact us.