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The Portugal Brief

The Portugal Brief

Seguro Promulgates the Pacote Fiscal Habitação on Monday Evening 12 May — IVA on Moderate-Price Construction Drops to 6%, IRS on Moderate Rents Falls From 25% to 10% Through 2029, Non-Resident IMT on Habitação Locks Fixed at 7.5% Without Isenções

Seguro Promulgates the Pacote Fiscal Habitação on Monday Evening 12 May — IVA on Moderate-Price Construction Drops to 6%, IRS on Moderate Rents Falls From 25% to 10% Through 2029, Non-Resident IMT on Habitação Locks Fixed at 7.5% Without Isenções

Monday evening 12 May: President Seguro promulgates the Pacote Fiscal Habitação — IVA on moderate-price construction drops to 6%, IRS on moderate rents falls 25%→10% through 2029, non-resident IMT locks fixed at 7.5%, tenant deduction rises to €900 in 2026 and €1,000 from 2027.
The Portugal Brief
Opening a Bank Account in Portugal in 2026 — A Practical Guide to the NIF Requirement, the Lei 83/2017 AML Documentary Chain, CGD vs Millennium vs Santander vs BPI vs Novobanco, ActivoBank and the Serviços Mínimos Bancários Backstop

Opening a Bank Account in Portugal in 2026 — A Practical Guide to the NIF Requirement, the Lei 83/2017 AML Documentary Chain, CGD vs Millennium vs Santander vs BPI vs Novobanco, ActivoBank and the Serviços Mínimos Bancários Backstop

Opening a Portuguese bank account in 2026 — NIF prerequisite, the AML documentary chain under Lei 83/2017, CGD vs Millennium BCP vs Santander vs BPI vs Novobanco vs Bankinter, ActivoBank/BiG digital tracks, Revolut/N26/Wise EU-passport option, the Conta-Base and Serviços Mínimos Bancários backstop.
The Portugal Brief
Lusa Workers Walk a 24-Hour National Strike on Wednesday 20 May 2026 — SJ, SITESE and SITE CSRA Concentrate at São Bento as Parliament Debates the Estatuto Revision, the Move-to-RTP-Campus File and the Governmentalisation Risk

Lusa Workers Walk a 24-Hour National Strike on Wednesday 20 May 2026 — SJ, SITESE and SITE CSRA Concentrate at São Bento as Parliament Debates the Estatuto Revision, the Move-to-RTP-Campus File and the Governmentalisation Risk

Lusa workers approve a 24-hour national strike for Wednesday 20 May 2026 with a concentration at São Bento — timed to the parliamentary Estatuto-revision debate. SJ, SITESE and SITE CSRA flag governmentalisation risk and the possible relocation of Lusa's headquarters to the RTP campus.
The Portugal Brief
Fundo Ambiental Walks the Floresta Azul Programme Into Its 2026 Disbursement Phase — €1 Million Drops on Marine-Meadow Restoration for the Ria Formosa, the Sado Estuary and the Natura-2000 Coastal Tape

Fundo Ambiental Walks the Floresta Azul Programme Into Its 2026 Disbursement Phase — €1 Million Drops on Marine-Meadow Restoration for the Ria Formosa, the Sado Estuary and the Natura-2000 Coastal Tape

Tuesday 12 May: Fundo Ambiental drops €1 million on the first 2026 tranche of the €2M Floresta Azul programme — marine-meadow restoration across the Ria Formosa, Sado estuary and Natura-2000 coastal sites. Portugal's first dedicated blue-carbon line, the pilot under the EU Nature Restoration Law.
The Portugal Brief
Automotive components assembly line — illustrative

Coindu Walks Up to 493 of Its 752 Joane Famalicão Workers Into a Six-Month Phased Lay-Off Running May to November 2026 — Another Print for Portugal's 2026 Auto-Components Ledger After Bosch, Husqvarna, Yazaki and Enercon

Coindu opens a six-month phased lay-off at Joane, Vila Nova de Famalicão, running May–November 2026, with up to 493 of 752 workers in the contingency pool. The auto-components supplier cites tariffs, war, and a demand drop — and projects an activity recovery in 2027.
The Portugal Brief
IVDP and AICEP Launch Portugal Wines Go Global — Região do Douro on Tuesday 12 May — Eight In-Person Sessions for Douro and Port Producers Through 2 July as ViniPortugal's €8.07-Million Promotion Budget Eyes the €1.2-Billion 2030 Export Target

IVDP and AICEP Launch Portugal Wines Go Global — Região do Douro on Tuesday 12 May — Eight In-Person Sessions for Douro and Port Producers Through 2 July as ViniPortugal's €8.07-Million Promotion Budget Eyes the €1.2-Billion 2030 Export Target

The IVDP and AICEP kicked off the Douro-region edition of the Portugal Wines Go Global export programme in Porto on Tuesday 12 May 2026 — eight in-person sessions through 2 July, co-financed by Compete 2030, anchored by Symington, Sogrape, Poças and Favaios.
The Portugal Brief