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A motorist refuelling a car at a petrol pump

Diesel and Petrol Jump Nearly 10 Cents Next Week as the Government Widens Its Fuel-Tax Rebate

Diesel is set to rise up to 10 cents a litre next week and petrol up to 9, pushing a tank of diesel back over €2. Lisbon widened its ISP tax rebate to soften the blow.

The Portugal Brief 15 Aug 2026

The interior of a Continente supermarket in Portugal, with fresh produce in the foreground and a promotional sign above the escalator, illustrating consumer prices and the cost of living

Portugal's Inflation Rate Slowed to 3.0% in July as Fuel and Fresh Food Prices Eased, INE Confirms

Portugal's headline inflation eased to 3.0% in July from 3.2% in June, INE confirmed on 12 August, as fuel costs fell and fresh-food inflation dropped to 3.7% from 5.1%. Core inflation edged up to 2.6%, and the harmonised rate held at 3.1% — still above the euro-area average.

The Portugal Brief 12 Aug 2026

The yellow neoclassical Ministry of Finance headquarters in Lisbon flying the Portuguese and EU flags

The Tax Authority Overcharged Investors Who Held Foreign Shares and Funds Long-Term, and Is Now Reissuing Their IRS Bills

The Autoridade Tributária's system failed to apply the long-term holding discount to capital gains on foreign shares and fund units in this year's IRS returns, overcharging Anexo J filers who held assets more than two years. The Fisco is now issuing corrected assessments.

The Portugal Brief 12 Aug 2026

The Ministerio do Trabalho e Seguranca Social tower in Lisbon

Portugal's Switch to a Full-Career Pension Formula Is Cutting New Pensions by About 10%, the Government's Green Book Shows

Portugal's own Green Book on social security shows pensions worked out under the post-2007 full-career formula come out about 10% lower than the old best-years rules — and the gap widens with every retiring cohort. What it means for anyone building a career in Portugal.

The Portugal Brief 11 Aug 2026

An elderly couple seen from behind walking hand in hand along a city street on a sunny day

Portuguese Pensioners in Seven Countries Must Complete a Proof-of-Life Check by 15 September or Lose Their Payments

Portuguese pensioners resident in Belgium, Canada, Cape Verde, Luxembourg, the Netherlands, the UK and Switzerland must file a mandatory Prova de Vida (proof-of-life) declaration by 15 September 2026 or see payments suspended from November. Social Security says a digital biometric check now needs on

The Portugal Brief 09 Aug 2026

Euro banknotes and coins spread out, representing savings and personal finance in Portugal

New Ten-Year Treasury Certificates Draw Nearly €300 Million From Savers in a Month

The Certificados do Tesouro Série 5 raised about €297.7 million from 8,300 subscribers in July, their debut month. The ten-year product pays a fixed step-up rate rising from 2.35% to 3.35%, with early redemption allowed after year one, and is managed by the IGCP.

The Portugal Brief 06 Aug 2026

Declaring Foreign Income in Portugal in 2026 — A Practical Guide to Anexo J of the IRS Modelo 3 for Pensions, Salary, Rent, and Investment Earnings From Abroad

Declaring Foreign Income in Portugal in 2026 — A Practical Guide to Anexo J of the IRS Modelo 3 for Pensions, Salary, Rent, and Investment Earnings From Abroad

Portuguese tax residents must declare foreign pensions, salary, rent and investment income on Anexo J of the Modelo 3. Here's what goes on it, and how double-taxation treaties keep you from paying twice.

The Portugal Brief 05 Aug 2026

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