Portguese stamp duty revenues up 7.6% in 2019

by   CIJ News iDesk VII
2020-05-21   17:01

Portugal's tax authorities collected nearly €1m more in stamp duty revenues in 2019 than they did in 2018, reflecting an increase of 7.6 percent. The stamp duty for residential and non-residential leases amounts to 10 percent of the rent paid, which is the amount that is registered at the tax office when the lease is announced. The uptick in revenues is being credited to rising demand for houses to rent, to rising rents and to a greater turnover of contracts. Stamp duty takings have risen continually since the 1990's.