In Portugal, the property tax is called “Imposto Municipal Sobre Imóveis” (IMI) and it is a local tax, collected by the municipality where a certain building is located, and only the owners, in general, are responsible for its payment.
Published in Chapter:
Tax Incentives for Tourism: The Case of Portuguese Municipalities
Ana Arromba Dinis (Research Centre on Accounting and Taxation, Polytechnic Institute of Cávado and Ave, Portugal) and Liliana Pereira (Research Centre on Accounting and Taxation, Polytechnic Institute of Cávado and Ave, Portugal)
Copyright: © 2022
|Pages: 24
DOI: 10.4018/978-1-7998-9285-4.ch004
Abstract
The current context caused by the COVID-19 pandemic, with the greatest impact on tourism, showed the countries´ economic dependence on this sector. In fact, tourism is fundamental for the economic development of a country and should be one of the priorities of the public policies of municipalities, as a stakeholder in the development of regions. In this sense, the present research focuses on the study of tax incentives to tourism of regional scope, and on the benefits granted to Portuguese companies with touristic utility statute. The authors conclude that the tax benefits understudy have not been a practice generally adopted by Portuguese companies and concentrated on a small number of municipalities in Portugal.