Publications - Tax
Amendments to the Code of Tax Procedure and Proceedings
Law no. 100/2017, of 28 August was officially published.
Automatic exchange of information - Tax rulings and advance pricing agreements
Law no. 98/2017, of 24 August was officially published, entering into force on 25 August, which:
GTL/RTIR – Cash payments ban
Law no. 92/2017, of 22 August was officially published, which adds Article 63 (E) to the General Tax Law (“GTL”) and amends Article 129 of the General Tax Infringements Regime ("RTIR"), banning payment or cash receipt in…
Amendments to tax codes
Law no. 85/2017, of 18 August was officially published, which:
CRS – List of participating jurisdictions
Foi publicada em Diário da República a Portaria n.º 255/2017, de 14 de agosto, que procede à alteração da Portaria n.º 302-D/2016, de 2 de dezembro relativa às jurisdições participantes no Common Reporting Standard (CRS) a…
"LGT" - Offshore transfers
Ordinance no. 256/2017, of 14 August was officially published, regulating the annual publication by the Portuguese Tax Authorities in its website (“Portal das Finanças”) of the transfers and funds remittances to recipients located…
Most likely as of 1 January 2018 changes will come into force putting an end to taxpayers’ freedom to proceed with VAT specified on an issued invoice as they will
This is due to plans to introduce a VAT split payment model. The introduction of the new legislation will also lead to other changes with regard to VAT, so it would be advisable to begin preparing for the enactment of the new legislation now.
VAT - Total or partial refund of VAT
Decree-Law no. 84/2017, of 21 July was officially published, which simplifies the refund procedure of all or part of the VAT incurred by the Armed Forces, security forces and services, firefighters, "Santa Casa da Misericórdia de Lisboa…
VAT - New models of the periodic declaration for import
Ordinance no. 221/2017, of 21 July was officially published, which approves the new models of the periodic VAT declaration and of Annex R, as well as the respective filling instructions and the new models of annexes for the regularizations of…
VAT – Import of goods
Ordinance no. 215/2017, of 20 July, was officially published, which regulates the procedure and deadline to exercise the option foreseen in article 27 (8) of the Portuguese VAT Code, for the payment of the VAT due on the import of goods through the…
PIT/CIT - Double Taxation Agreement between the Portuguese Republic and the Sultanate of Oman
Notice no. 80/2017, of 6 July was officially published, confirming statements by the Embassy of the Sultanate of Oman in Paris and by the Embassy of Portugal in Doha, that the internal constitutional formalities have been fulfilled to approve…
China - Announcement on special tax investigations, adjustments and mutual agreement procedures
On 17 March 2017, the State Administration of Taxation (“SAT”) issued Announcement on Special Tax Investigation, Adjustment and Mutual Agreement Procedures (“Announcement 6”) to step up and enhance administration on transfer…