Portugal: Updating on the monetary devaluation indexes for 2022
Portugal -
Portugal Tax Alert
The annually update of the monetary devaluation indexes was approved by Ordinance no. 253/2022, of 20 October, regarding the indexes to be applicable to the goods and rights transferred during 2022, whose value should be updated in accordance to articles 47 of the CIT Code and 50 of the PIT Code, for the purpose of determining the tax base of the referred taxes, in particular regarding capital gains.
The monetary devaluation indexes update takes into consideration the positive variation of 1,24% of the data published by National Statistics Institute (INE) regarding the Consumer Price Index, with the exception of housing.
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