Real Estate Transfer Tax (IMT)
Determination of IMT rate for the transfer of residential urban properties
The brackets for determining the IMT rate applicable to the transfer of urban properties, or building units of urban properties, intended exclusively for residential use, are updated by 2.3%.
As a result of this change, in case of acquisition of an urban property or a building unit of an urban property intended exclusively for permanent residential use, IMT is only due if the taxable basis exceeds € 104.261 (previously € 101.917).
The brackets for determining the Real Estate Transfer Tax (IMT) rate for residential urban properties are updated by 2.3%.
Transfers of rural property
The transfer of rural property necessary for the consolidation of contiguous or adjoining rural buildings of the same owner, regardless of their economic use, is exempt from IMT.
IMT exemption on transfers of rural property.
Stamp Tax
Transmission of data between the Institute of Registries and Notaries, the Treasury and Public Debt Management Agency, and the Tax Authority
The Stamp Tax Code now includes provisions for data transmission between the Institute of Registries and Notaries, the Treasury and Public Debt Management Agency, and the Tax Authority. This includes information on the death of holders of public debt securities and certificates, to ensure compliance with tax obligations.
Exemptions in the context of housing credit
The exemption for housing credits, up to the amount of the outstanding capital, is extended until 31 December 2025, concerning:
(i) changes in the term resulting in tax payable due to the applicable rate differential;
(ii) extension of the term; and
(iii) entering into a new housing credit contract for debt refinancing. In this last case, the exemption covers the guarantees provided, as well as guarantees provided in the case of a change of the credit institution or subrogation in the rights and guarantees of the mortgage creditor.
Fixation of Instalments in housing credit
The exemption for the tax on facts provided for in item 17.1 of the general table (granting of credit) in the context of temporary installment fixation and capitalization of deferred amounts in the value of the loan for own and permanent housing is extended until 31 December 2025.
Levies
Extraordinary Levy on the Energy Sector (CESE)
Remains in force.
Audiovisual Levy
The monthly contribution amounts are not updated.
Bank Levy
Remains in force.
Solidarity Surcharge for the Banking Sector
Remains in force.
Pharmaceutical Industry Levy
Remains in force.
Extraordinary Levy on Suppliers of Medical Devices to the National Health Service
Remains in force.
Tax Compliance
Valuation of Inventories
All taxpayers are exempt from the obligation to value inventories for the tax year starting on or after 1 January 2024.
Taxpayers not required to maintain a permanent inventory are also exempt from this obligation for the tax year starting on or after 1 January 2025.
PDF invoices
Until 31 December 2025, invoices in PDF format are accepted and considered as electronic invoices for all purposes provided for in tax legislation.
General Waste Management Regime – Printing of Invoices and Other Fiscally Relevant Documents
The prohibition on the systematic printing and distribution of receipts, as provided for in the General Waste Management Regime, does not affect the printing of invoices and other fiscally relevant documents.
SAF-T (PT) Accounting File
The obligation to submit the SAF-T (PT) file related to accounting now applies to periods from 2026 onwards, to be submitted in 2027 or in subsequent periods.
2025 State Budget Law
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2025 State Budget
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