Publications - Tax
Portugal: Provisional measures of the Stamp Tax Monthly Declaration are extended
Order no. 33/2022-XXII, of 28 January, disclosed on the website of the Portuguese Tax Authority (PTA), determined the extension of two provisional measures related to the Stamp Tax Monthly Declaration (DMIS) adopted in previous Orders.
Tax Newsletter - January 2022
Approval and changes on the withholding tax rates applicable in 2022 in Portugal Mainland, Azores and Madeira
The withholding tax rates applicable to employment income (category A) and pensions (category H), obtained by the resident taxpayers of the Autonomous Region of Madeira, during 2022, were approved by Order no. 550/2021, 30 December, of Regional…
Portugal: Municipal surtax rates applicable to 2021 taxable income were disclosed
Municipal surtax rates were disclosed through Circular Letter no. 20237/2022, of 27 January, to be assessed and paid in 2022, due on the taxable income to be determined in regards to the 2021 fiscal period.
Withdrawal of the Double Tax Treaty between Portugal and Sweden
Notice no. 2/2022, was officially published, which reports that the Kingdom of Sweden has communicated to the Portuguese Government the decision to withdraw the Double Tax Treaty signed between Portugal and Sweden to Avoid Double Taxation on Income…
Portugal: Communication of inventories can be made by 28 February 2022
The obligation to communicate the inventories to the Portuguese Tax Authority according to article 3-A of Decree-Law no. 198/2012, 24 August, by 31 January 20222 (by taxpayers with a fiscal year equal to the civil year) can be done until 28 February…
Form 720: The Information Return of assets and rights abroad fails to comply with the principle of free movement of capital
The European Court of Justice affirms that penalties imposed for failure to comply with the obligation to provide information are disproportionate and that a law may not allow no statute of limitations to be pleaded in relation to overseas assets…
Transfer pricing documentation filing obligation in China
Since the tax year of 2021 is ended, Chinese companies, including foreign invested ones, might be required to perform the filing of related party transactions for 2021 with the competent tax authority in 2022. There are four types of Chinese…
New edition released of transfer pricing guidelines for multinational enterprises and tax administrations
The new guidelines (see here) contain novel elements stemming from conclusions reached in the context of the BEPS Project and work of the OECD/G20 Inclusive Framework.
Portugal: IES/DA with previous SAF-T filling postponed to 2023
The obligation to fill IES/DA statement through the prior submission of the SAF-T (PT) file in accordance with the provisions of Ordinance 31/2019, of 24 January, was postponed again for 2023 fiscal period and following, to be …
Portugal: Maintenance of special contributions for 2022 is confirmed
Following the withdrawal of the Proposal of State Budget Law for 2022, Law no. 99/2021, of December 31, was published determining that the following will remain in force in 2022 (effective on January 1, 2022):
An income reclassification cannot be used when a conflict in the application of tax provisions procedure should have been initiated
A conflict in the application of tax provisions procedure requires a prior favorable report by the consultative committee as specified in article 159 of the General Taxation Law (LGT). Any assessments issued without implementing these guarantee…