What taxes are paid on property transfer in Portugal?

Taxes and fees that Portuguese immigrants need to pay when purchasing a house: As long as the property rights of the house are privately owned, the owner of the house needs to pay property tax. The calculation of the property tax is determined by the actual value of the house.

There are four main parts of the tax situation for buying a house in Portugal:

(1) Real estate transfer tax: various taxes that need to be paid during the house transfer process. The fees levied by the Real Estate Bureau on residential properties include: registration fee of 50 yuan/unit. The tax stamp is 5 yuan/book, the tax stamp is 0.05 (contract), and the transaction fee is 4 yuan/square meter. Deed tax 2 is levied by the financial department.

(2) Value-added tax is a tax levied on the value-added amount levied on units and individuals that sell goods or provide processing, repair and repair services, or import goods. Value-added tax has become one of the most important types of taxes in China. Value-added tax revenue accounts for more than 60% of China's total tax revenue, making it the largest tax type. Value-added tax is collected by the State Taxation Bureau. 75% of the tax revenue is central fiscal revenue and 25% is local revenue. The value-added tax in the import process is collected by the customs, and all tax revenue is central fiscal revenue.

(3) Property tax is the daily payment of property owners and users entrusted by property management units to carry out daily tasks on housing construction and equipment, public facilities, greening, sanitation, transportation, public security and environment in residential areas. Fees charged for maintenance, repair, renovation and other services related to residents’ lives.

(4) Stamp duty is a tax levied on various contracts, property rights transfer documents, business account books, books, etc. signed in economic activities. There are two ways to collect stamp duty in Portugal: one is a fixed tax rate, and the other is to charge stamp duty based on a certain percentage of the total contract amount.