IMI – The average value of construction has been updated
Portugal -
Tax Alert 31-2018
Ministerial Order no. 330-A/2018, of 20 December, was officially published, which sets in EUR 492,00 the average value of construction per square meter, for the purposes of article 39.º of the Municipal Property Tax Code, to enter in force in 2019.
This new average value is applicable to all urban properties whose Model 1 forms are delivered since 1 January 2019.
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