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Lisbon, Cascais and Sintra are the municipalities that most fit IMI

Lisbon, Cascais and Sintra are the municipalities that most fit IMI

he number of municipalities in tax revenues increased last year to 2.9 billion euros. The Lisbon City Council is among the municipalities that made the most revenue last year with tax collection. Only the municipal real estate tax (IMI) accounted for 114 million euros, according to news on Tuesday the Correio da Manhã.

In comparison with 2006, the tax revenues of municipalities rose 19.8%. This means that in a decade, the value increased 495 million euros, according to data from the Financial Yearbook of Portuguese Municipalities 2016, released by the CM. Cascais leads the list of municipalities, where the weight of tax revenues was higher, representing 79.5% of the total. It follows Lisbon (68.4%) and Maia (66.2%).

Among the total, direct taxes are the most important ones, and IMI is the tax that contributed the most to the municipal revenues. Only counting IMI, the municipalities with the highest revenue collected were Lisbon, Cascais (50.3 million) and Sintra (49.5 million).

Source: Economic Newspaper

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