Do I need to pay any local taxes on my rental income

Yes, you may need to pay local taxes on your rental income, depending on the tax laws in your property’s location. For example, if you’re renting out a flat in Lisbon through FlexsiRent, local regulations may require you to declare your rental income and pay municipal or income taxes accordingly. These taxes can vary based on the type of rental, duration, and the property owner’s residency status. It’s important to stay informed about the rules in your area to avoid penalties. While FlexsiRent does not handle tax filings on your behalf, it’s recommended to consult with a local accountant or tax advisor to ensure compliance. Always keep records of your earnings and invoices to help with accurate reporting.

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