The Organisation for Economic Cooperation and Development (OECD) estimates that the tax burden in Portugal stands at 34.8%, the same rate as in 2018 when it reached a historic maximum. The latest [...]
Madeira is at the centre of an EU storm over a tax incentive package, with the European Commission claiming that thousands of companies had unduly benefited from tax reductions on activities that [...]
In 2019 tax and social security payments dropped to 36.8% of GDP in Portugal compared to 37.0% in 2018 says Jornal Económico. According to information from the European statistics office [...]
Portuguese state coffers have lost nearly €600 million in corporation tax revenues because of multinationals operating in Portugal reporting their profits in both onshore and offshore tax havens. [...]
Portugal’s tax rates are the highest in the country’s history according to a top business executive. “Portugal’s tax burden is huge and too high” says Manuel Violas. “The problem is that tax [...]
The Portuguese tax authorities lost hundreds of million of euros in lost taxes in 2018 as around €9Bn were transferred to offshore bank accounts in 2018. Half of the total was transferred to [...]
A Portuguese tax break regime aimed at European Union citizens created in 2009 to attract talent and investment is to be reviewed. The Non-Habitual Residence regime, which has moslty attracted [...]
Portugal’s tax revenues now represents a record 35.4% of it GDP – the highest since 2015. The figures, released by the National Statistics Institute this week, show that Portugal has seen [...]
The Portuguese tax authorities are offering a non-tax incentive to overseas visitors. Finanças will create a new regime of electronic invoices focusing on non-resident citizens in Portugal, in [...]
The Portuguese tax authorities are getting tougher on outstanding taxes raking in an extra €1.06Bn in unpaid taxes, up 26% on 2017. This is according to data from the State’s provisional accounts [...]
