O CAE code is the code that frames the economic activity of companies and independent professionals.
According to article 151 of the CIRS, the activities performed by IRS taxpayers must be classified according to the Classification of Portuguese Economic Activities by Branch of Activity (CAE), or in accordance with the codes mentioned in the activity table approved by the Minister of Finance. A company may have one or more activity codes, according to the activity or service it provides.
Start of Activity
In order to start the operation of a Local Accommodation, you must start activity in Finance, as a natural or legal person.
The income obtained through the Local Accommodation activity is taxed in the Category B - Business and professional (Income of a self-employed person).
Before start the activity of Local Accommodation, the taxpayer, as individual, must submit via the internet at Finance Portal in Tax Services> Citizens> Deliver> Statements> Activity or in person at any finance office or citizen's shop, the declaration of commencement of activity.
If you are already registered by other activity (s), you must submit the statement of changes.
Know that you can have more than one CAE in many areas of activity.
Taxpayers, before giving start of activity, based on Portuguese Classification of Economic Activities - CAE and taking into account the activity they intend to carry out, they choose the code (s) of the local accommodation activity (s), which best fit the activity to be developed.
Being that the most common codes for those who carry out the activity of Local Accommodation, are the following:
• 55201 - Furnished accommodation for tourists
• 55204 - Other places of short-stay accommodation