Taxes

a) IMI and AIMI 

IMI applies to any property owner in Portugal. It is payable in arrears (May, August and November) and calculated over the VPT (property rateable value) according the taxpayer situation on the 31st December. Each municipality defines (usually in the beginning of the year) the applicable rate according to what is established in the state budget.

Additional IMI (AIMI) was introduced in 2017 and is also calculated over the VPT. It applies to all the properties owned by companies, unless the properties are registered for services. An exemption of 600.000€ applies per individual. 

A penal rate of 7,5% applies to calculate the IMI and AIMI if the property is held by a blacklisted jurisdiction company. 

The complete knowledge of the law in force will guarantee an efficient payment of the compulsory taxes.  

b) Road Tax  – (“IUC – Imposto único de Circulação”)

The late payment of the road tax leads to heavy penalties. We will ensure that all the vehicles registered in your name will pay the taxes until the limit date.