IMI - The average value of construction has been updated

Portugal - 01 / 14 / 2020

Tax Alert Portugal

The average value of construction per square meter, for the purposes of article 39 of the Municipal Property Tax (IMI) Code, to enter into force in 2020, maintains the amount effective in 2019 of EUR 492.00, as was officially published by Ministerial Order no. 3/2020, of 20 January.

We note this value is applicable to all urban properties whose Model 1 (IMI) forms are delivered since 1 January 2020.