Loulé will have at least municipal taxes in 2022 that the law allows

"Currently, the municipality presents balanced municipal finances", according to Vítor Aleixo

Photo: Flávio Costa | Sul Informação (File)

Loulé will have, in 2022, a fiscal package with municipal taxes at the minimum legally allowed. The objective is "to support the municipality's families and business fabric". The measures were approved at the Municipal Assembly last Monday, 20 December.

In relation to the Municipal Property Tax (IMI), the executive «resets the rate at the minimum applicable legal value of 0,3%», emphasizes the Loulé municipality.

In parishes in the interior, "where it is necessary to promote greater territorial cohesion, the rate will be further reduced by 30%". This measure will be applied in Alte, Ameixial, Salir and União de Freguesias Querença, Tôr and Benafim, allowing “a lower rate of IMI to those who reside in these localities, thus promoting the fight against demographic erosion”.

Also in relation to IMI, in the case of property intended for permanent and own housing coincident with the owner's tax domicile, "there will be a reduction in the rate of 20, 40 and 70 euros (fixed exemption) depending on whether there is one, two or three or more dependents, respectively'.

The municipality of Loulé once again relinquishes the entire Tax on Personal Income (IRS), not taxing the 5% (maximum value) of the participation of citizens with tax domicile in this territory, relating to income for the year 2021.

Finally, "in a measure aimed at supporting entrepreneurs and the local economy, the surcharge on taxable and non-IRC income for the year 2022 will not be applied".

«In the context of the Algarve, the municipality of Loulé assumes itself as a fundamental partner for the establishment of families in its territory and as the headquarters of companies as a guarantor of investment and the creation of employment that extends to the region», says Vítor Aleixo, president of Chamber.

"Currently, the municipality presents balanced municipal finances, allowing public investment and fiscal competitiveness as fundamental for the economic recovery of people and companies in the municipality", concludes the mayor.