Publications - Tax
COVID 19: Exceptional measures regarding payments on account
We outline below the exceptional measures that have successively been adopted to mitigate the effects of the Covid-19 pandemic in Portugal on payments on account and additional payments on account.
The reporting obligation on the establishments where invoices are issued has been suspended
We recall that this obligation has been implemented by the SIMPLEX+ Programme in article 34 of Decree-Law no. 28/2019, of 15 February. Initially this obligation had to be fulfilled until 30/06/2019, later extended to 30/06/2020 by Order no. 4/2019-…
How are indirect sales of companies taxed in Latin American countries?
The taxation of the so-called “indirect sales” is a huge challenge for companies operating in more than one country.
Apple Case: The General Court of the European Union limits the control over state aid
The General Court of the European Union (GCEU) concludes in a recent judgment in the 'Apple’ case that the European Commission may assess the correct application of transfer pricing rules and therefore identify the existence of…
Tax Newsletter - June 2020
Spanish Constitutional Court publishes the judgment holding unconstitutional Royal Decree-Law 2/2016 in its entirety
On July 7 access was given to the complete wording of the constitutional court judgment, of July 1, 2020, holding unconstitutional,null and void Royal Decree-Law 2/2016 in its entirety due to breaching the substantive boundaries that cannot be…
COVID-19: New postponement in the fulfillment of VAT obligations in Portugal
The Portuguese Government has approved new extensions of the tax deadlines to comply with VAT obligations, by Order no. 229/2020-XXII, of 24 June, that can may be fulfilled without the application of any penalties:
DAC6: the Council of the European Union allows member states to extend the time limits for the filing and exchange of information
To address the impact of the health crisis, on June 24, 2020 the Council of the European Union approved Directive 2020/876/EU, amending the time limits for the filing and exchange of information set out in Council Directive 2011/16/EU (DAC6).
COVID-19: Tax credit for technological innovation in automation is increased and unrestricted depreciation is permitted for assets related to electric mobility
The June 24 edition of the Official State Gazette published Royal Decree-Law 23/2020, of June 23, 2020, approving measures for economic recovery in the field of energy and in other areas.
Tax Measures of Supplementary Budget Bill for 2020 in Portugal
The Portuguese Government presented a Supplementary Budget Bill for 2020 that includes several tax measures. The Supplementary Budget Bill will now enter a phase of parliamentary discussion to arrive to a final text by 3 of July.
TEAC concludes that awarded legal costs are only taxable for personal income tax purposes on the amount exceeding the actual cost of the lawsuit
The tribunal has contradicted the reiterated interpretation of the Directorate-General for Taxes (DGT), in line with the view supported by the Ombudsman in his Recommendation of July 18, 2017.
COVID-19 Special Newsletter - Spain | June 15 to June 30
Garrigues has been publishing this newsletter since March 23 in an effort to bring you all the regulatory matters that week in week out required particular attention by companies in every area of business law. Since the state of emergency is about…