Portugal modifies the corporate tax return Form-22
On 14 January 2019, the Secretary of State for Fiscal Affairs of Portugal has approves the amendments to the Model 22 periodic income statement, its annexes and instructions for
See MorePortugal: Extended the import VAT reverse charge relief to all goods from 1 March 2018
Portugal has extended the import VAT reverse charge relief to all goods from 1 March 2018. The system was introduced for a restricted list of goods, including cereals, wools and olive oil. It enables approved companies to postpone the cash payment
See MorePortugal: Requirements for the preparation and exchange of Country-by-Country Reports published
On 21 December 2017, Portuguese Orders number 383-A/ 2017 and 383-B/2017 were published in the Official Gazette. Order number 383-A/2017 approved form 55 containing the CbC report. Form 55 must be submitted electronically on an annual basis and
See MorePortugal: Cabinet approves the Budget for 2018
On 27 November 2017, the Portuguese cabinet approved the Budget proposal for
See MorePortugal: Country-by-country reporting form approved
Portugal’s country-by-country reporting Form 54 has been approved by Order No. 367/2017 on11 December 2017. The form must be submitted electronically every year in respect of fiscal periods starting as from 1 January 2016 within 5 months after the
See MorePortugal: Parliament approves Budget Law for 2018
Portugal’s parliament approved the 2018 Budget Law (Bill No. 100/XIII) on 27 November 2017. The approved Budget Law introduces adjustments to the individual income tax brackets including new 23% and 35% tax brackets as follows: up to EUR 7,091
See MorePortugal: Budget for 2018 presented to the Parliament
The Portuguese Budget Bill for 2018 was presented to the Parliament on 13 October 2017. The most important features of the Budget Bill are as follows: -Gains derived from the transfer of shares or rights of non-Portuguese entities, with more than
See MorePakistan approves updating tax treaties with Sri Lanka, Nepal, France, Tunisia, Morocco, and Portugal
On 10 October 2017, the federal cabinet has granted approval to amend existing conventions on avoidance of double taxation treaties with Sri Lanka, Nepal, France, Portugal, Tunisia and Morocco for avoiding double taxation and the prevention of
See MoreDTA between Portugal and Ivory Coast enters into force
On 8 September 2017, Portugal published a notice declaring the entry into force of the Double Taxation Agreement (DTA) with the Ivory Coast on 18 August 2017 and it will apply from 1 January 2018. The agreement contains Dividends rate 10%, Interest
See MorePortugal, Sao Tome and Principe DTA enters into force
On 8 September 2017, Portugal published a notice declaring the entry into force of the Double Taxation Agreement (DTA) with Sao Tome and Principe on 12 July 2017 and it will apply from 1 January 2018. The agreement contains Dividends rate 10% for at
See MorePortugal: CbC reporting deadline extended
The State Secretary for Fiscal Affairs of Portugal published “Dispatch No. 170/2017/XXI” on 29 May 2017, which has extended the deadline for country-by-country (“CbC”) reporting notifications for fiscal year 2016 further to 31 October
See MorePortugal: DTA with Ethiopia enters into force
The Double Taxation Agreement (DTA) between Ethiopia and Portugal entered into force on 9 April 2017. The agreement provides for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on
See MoreHong Kong: Government signed AEOI agreement with Portugal and South Africa
The government of Hong Kong has signed agreements with Portugal and South Africa for conducting automatic exchange of financial account information in tax matters (AEOI). A Government spokesman said on 03 April 2017 that they have been seeking to
See MoreAndorra, Portugal DTA enters into force
On 23 April 2017, the Double Taxation Agreement (DTA) between Andorra and Portugal will enter into force for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. The treaty generally applies from 1
See MorePortugal ratifies DTA with Andorra
On 26 January 2017, Mr. Marcelo Rebelo de Sousa, the President of Portugal signed a decree ratifying the Double Taxation Agreement (DTA) with Andorra and it still needs to be published in the Official
See MoreFinland: Parliament ratifies DTA with Portugal
The Finnish Parliament on 21 December 2016 approved the income tax treaty between Finland and Portugal. The treaty was signed on 7 November 2016 in Brussels. The new agreement will be replaced by the existing Finland-Portugal Income and Capital
See MorePortugal- Extension of the deadline for filing Country-by-Country reporting notification
The Secretary of State for Tax Affairs’ Office of Portugal published Decree no.254/2016-XXI (dated 12 December 2016) on 15 December 2016 which extends the deadline to submit the mandatory Country-by-Country (CbCR) notification for the fiscal year
See MorePortugal-Parliament approved Budget for 2017
The parliament of Portugal approved the Budget for 2017 on 29 November 2016. The approved Budget introduces a new sugar tax on soft drinks. If certain conditions are satisfied then countries that are not blacklisted will be able to have a more
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