The average corporation tax paid by companies in Portugal in 2022 increased 1.4% and stood at 20.3%. And surtaxes saw a 57.7% increase on the previous year with over 22.4% of companies bearing [...]
Portugal’s tax authorities have introduced a new measure whereby assets held in offshore accounts will have to be declared from next year. The move will also include income from capital derived [...]
Portugal has been given two months by Brussels to action an EU law that stipulates that multinational companies must pay a minimum of 15% taxes on their profits. So far, Portugal has failed to [...]
Portugal is now not only losing the competitive edge on Eastern Europe in terms of manufacturing, but is also losing tax competitiveness, despite having received billions in EU levelling up funds [...]
The Portuguese government announced in their state budget for 2024, that anyone who has applied to secure NHR tax status in Portugal by December 31st, 2023, must be able to prove they have taken [...]
The government is to propose a change in the State Budget for 2024 to alleviate the 25% IRS burden on self employed professionals on green receipts. They now want to suggest replacing the current [...]
The President of the Algarve Tourism Region (RTA), André Gomes said in an interview with ECO online news that one of the objectives of his term in office is to introduce a tourism tax in all of [...]
Portugal’s budget surplus grew almost three-fold on what had been announced in August to €7.2Bn to September. In August the budget surplus had been calculated at €2.6Bn according to the Finance [...]
According to a new study from the Fiscal Observatório (Tax Observatory) by Deloitte, the amount that the Portuguese are putting in offshores is double that of deposits made from Spain and Germany [...]
The Portuguese are demanding more invoices with tax numbers with 1.290 billion issued since January. This is according to data available on the government portal e-Fatura (e-Invoice) that states [...]
