Publications - Tax
Update of the monetary devaluation coefficients for 2024
The monetary devaluation coefficients applicable to assets and rights disposed of in 2024 have been published for the calculation of corresponding capital gains.
Portugal Indirect Taxes Newsletter - N.º 1
This edition covers key indirect tax developments in Portugal in the last months, including the potential implementation in 2025 of the VAT groups regime and the uncertain adoption of the ViDA Directive. Also addresses some concerns related to…
Portugal: The extraordinary contribution on local accommodation (CEAL) has been revoked
Decree-Law no. 57/2024, of 10 September, revokes the extraordinary contribution on local accommodation (CEAL) and adjusts the taxation of capital gains resulting from the transfer of properties intended for own and permanent housing, as well as the…
Deadline for submitting the annual CIT return (Modelo 22 form) extended to 15th July
The outgoing Secretary of State for Tax Affairs issued, on the 14th, the Dispatch no. 176/2024 - XXIII extending the deadline for submitting the 2023 CIT return (Modelo 22) from 31 May to 15 July 2024.
Portugal: PTA has decided that Advance Pricing Agreements are the suitable mechanism to determine the transfer pricing method and the arm's lengh pricing, under intragroup service agreements
The Portuguese Tax Authorities (PTA) decided, in the context of a Binding Information Request (PIV) –Case no. 22442–, that this is not the appropriated approach for determining the transfer pricing method nor the arm’s length pricing between…
Portugal: Municipal surtax rates applicable to 2023 taxable income
The Portuguese Tax Authority disclosed already the municipal surcharge rates to be applied in 2023 fiscal year by Corporate Income Tax taxpayers.
Portugal: The average construction value per square meter is maintained for 2024
This value of 532 euros applies to all urban properties whose Model 1 forms are delivered since 1 January 2024.
Portugal: Approval of the urban pressure coefficient regarding the extraordinary contribution on local accommodation
It was approved the urban pressure coefficient for the purpose of the assessment of the extraordinary contribution on local accommodation.
Portugal: Deadlines for communication of inventories, SAF-T accounting and use of invoices issued in PDF have again been extended
The State Budget for 2024 introduces a new flexibility of the tax calendar with regard to the fulfilment of certain tax obligations.
Portugal: Amendment to the scope of the reduced VAT rate applicable to refurbishment works
Following the publication of the “More Housing Program”, which contains a set of tax measures, the Tax Authority clarifies the scope of the reduced VAT rate for renovation works after said law change.
Portugal: Extension until 31 December 2023 of the VAT exemption applicable to certain food products
The VAT exemption exceptionally applicable to certain food products, previously approved by Law no. 17/2023, of 14 April, was extended from 31 October to 31 December 2023 by Law no. 60-A/2023, of 31 October.
Portugal: Currency devaluation coefficients for 2023 updated
The new currency devaluation coefficients were published to be applied to goods and rights transferred during 2023.