Today, 7th August 2024, the law which authorises the Portuguese Government to revoke the special Alojamento Local CEAL tax was published in the Diário da República.
Lei n.º 35/2024 has a duration of 180 days, and allows the Government to change the following legislation:
- Lei n.º 56/2023, de 6 de outubro, known as the Mais Habitação program and which introduced the CEAL tax for the first time.
- The Código do Imposto Municipal sobre Imóveis, which was changed by the Mais Habitação law to include an increase in property taxes (IMI) for Alojamento Local establishments
- The Código do Imposto sobre o Rendimento das Pessoas Singulares, or IRS Code, in order to change the requisite of a property being designated a primary residence for 2 years before being eligible for capital gains exemptions. This period may now be changed to 12 months.
The Government now has full authorisation to change the above legislation within 180 days, without having to pass by Parliament.
