There are several ways to pay this tax. You can do it at a tax office (in person or online), at a CTT office (the post office), an ATM or a financial institution that has a protocol with the Portuguese tax authorities. This payment can be made by cash, cheque, direct debit or bank transfer.
How do I pay Portuguese council tax?
Payment of the IMI can be made in Portugal at the tax office, the post office and at any multi-bank ATM. If you are not in Portugal, you can make the payment via the online platform of the tax authority or via online banking of your Portuguese bank account.
Do you have to pay council tax in Portugal?
As a property owner in Portugal, you must pay IMI, the Portuguese version of council tax. Each individual municipal sets its own rate, which is decided by the municipal assembly. IMI varies from around 0.3% to 0.45% of the value of a home in urban areas. In rural areas, it can be as much as 0.8%.
How do I pay my IMI?
How to Pay IMI Online
- Sign up to the Portal das Finanças online. In order to access your IMI bills through the ‘Portal das Finanças’, you will first have to request a password to be sent by post to your fiscal address. …
- Log on to your account. …
- Access your IMI bills online. …
- Pay via your Portuguese bank online.
How do I pay a bill in Portugal?
Paying your Portuguese electricity bills
You can pay your energy bill by direct debit or by making one-off payments when your bills arrive. It’s also possible to pay your bill at a Multibanco ATM.
Can you live in Portugal tax-free?
Portugal’s ‘non-habitual residents’ (NHR) scheme gives special tax benefits to new residents for their first ten years in the country. It also offers a lower income tax rate of 20% if you’re employed in Portugal in a ‘high value’ activity and allows you to receive some foreign income tax-free.
What is a good salary in Portugal?
Generally, the cities of Lisbon and Porto offer the highest salaries in the country but also have the highest cost of living, especially renting/mortgage payments. Expect to spend an average of $936-1,212 per month to live a decent life in these areas, while $771-882 a month is okay in other parts of the country.
How much money is needed to live in Portugal?
Including rent, a couple can live comfortably in Portugal’s interior, or in small cities, from about $1,700 a month. A couple’s budget in Lisbon starts at about $2,100 or $2,200 a month… though you can, of course, spend more. Singles should plan on a budget of about two-thirds that of a couple.
Is Portugal a tax haven?
The NHR is a scheme for new residents that can provide substantial tax benefits, so much that you may discover that Portugal is a tax haven for you. … This is still lower than most of the tax rates in Portugal and the tax rates in other European countries.
Is it good to migrate to Portugal?
With a warm climate, good food and high-quality services, Portugal is a popular place for relocating expats. Just over 662,000 of its population is foreign-born, accounting for around 6.5% of the total population. … The Portuguese immigration system is similar to that of many other EU member states.
How often do you pay IMI in Portugal?
IMI is paid annually through a single billing document in April, if the tax is up to 250 euros. If the value is between 250 and 500 euros, you can pay in two installments, in April and November. If the amount exceeds 500 euros, you can pay in three times (April, July and November).
Are there property taxes in Portugal?
Immovable Property Tax (IMI)
In Portugal, you need to pay a property tax (Imposto Municipal Sobre Imóveis) as an owner of a property. … Property tax rates range from 0.3% to 0.45%. While properties in rural areas are taxed at 0.8%, properties in more urban areas are taxed within the mentioned range.
How is IMI calculated in Portugal?
The IMI calculation is made by multiplying the VPT (value that is attributed to the property, according to article 38 of the IMI Code) by the IMI rate of the municipality where the property is located, according to the following formula: IMI payable = VPT x Municipality Tax.