Cuatrecasas, Gonçalves Pereira SLP

09/13/2024 | Press release | Archived content

Revocation of extraordinary contribution on short-term letting

2024-09-13T17:34:00
Portugal
CEAL revoked retroactively: effective December 31, 2023
September 13, 2024
  • ACI | Área de Conocimiento e Innovación

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On July 3 , we shared key updates on rental and short-term letting laws in our More Housing: Status report. In that report, we highlighted that the government had submitted a proposed law to Parliament to revoke the annual extraordinary contribution on apartments and accommodation establishments within the independent units of buildings ("CEAL"). This contribution had been introduced by the More Housing Law (Law 56/2023 of October 6). At the time, we noted that the proposal had received final parliamentary approval on June 21 and was awaiting formal approval and publication, along with a government-authorized decree-law to finalize the revocation.

Following the publication of Decree-Law 57/2024 of September 10, the revocation of CEAL has now been made official.

Practical impact of revoking CEAL

The revocation is retroactive to December 31, 2023, as established in