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TELLES About Tax is a publication by TELLES that analyses the main trends and developments in taxation in Portugal.
The December 2025 edition covers topics of particular legal relevance and practical importance. Highlights include the recent update to the Model Double Taxation Convention by the Organisation for Economic Co-operation and Development (OECD), and the publication of the 'Building Portugal' legislative package. The package empowers the government to approve a series of tax incentives designed to promote housing and renting. These include the Investment Contracts for Renting (CIA) scheme, a partial VAT refund scheme for construction work on permanent residences (HPP) and the Simplified Accessible Rental Scheme (RSAA).
The Uniform Case Law Ruling on the taxation of partial redemptions of unit-linked insurance policies is analysed, resolving the existing controversy over how to determine income subject to personal income tax when capital is partially redeemed from insurance contracts linked to investment funds.
Read the full analysis in TELLES About Tax | December 2025 and keep up with the most relevant developments in tax matters.
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