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Portugal abolishes CEAL

Portugal abolishes CEAL

CEAL is an extraordinary contribution for local accommodation. The country has already published a law that abolishes it. This tax was to be levied at a rate of 15%.

The taxable base is determined by the economic coefficient of local accommodation and the coefficient of urban pressure to the total private area of ​​residential property.

The first payment of CEAL was to be made in June 2024 for the year ending December 31, 2023. But the payment was suspended until the abolition of the tax, which is to be applied retrospectively.

The abolition should come into force on December 31, 2024. But changes are possible, and the abolition can be applied retroactively from December 31, 2023.

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