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Portugal Repeals Extraordinary Contribution on Local Accommodation

13 September 2024

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Approved Changes

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Portugal

Portugal published Decree-Law No. 57/2024 in the Official Gazette on 10 September 2024, which repeals the extraordinary contribution on local accommodation (CEAL). Introduced by Law No. 56/2023, the CEAL tax was to be levied at a rate of 15% on a taxable base determined by applying the economic coefficient of local accommodation and the urban pressure coefficient to the gross private area of residential properties. The initial CEAL payment was to be made in June 2024 in respect of the year ending 31 December 2023, but this was suspended pending the repeal of the tax, which is intended to apply...