Oporto
Tax incentives to rental agreements have been approved
Law no. 3/2019, of 9 January, was officially published, which amends the Personal Income Tax Code (“PIT”) and establishes conditions of access to tax incentives in programs of affordable rental housing construction.
The VAT rules applicable to vouchers have been changed
Ruling no. 30208, of 4 January was disclosed on the Portuguese Tax Authorities’ website, clarifying the interpretation and application of article 275 of Law no. 71/2018 (Budget Law for 2019), which transposed the Council Directive (EU)…
Interest rate for late payment has been updated
Notice no 212/2019, of 4 January, from the Portuguese Treasury and Debt Management Agency – IGCP, E.P.E was officially published, which establishes the interest rate for late payment applicable to debts towards the State and other…
State Budget for 2019 - Employment and Social Security matters
The State Budget for 2019 was published. Please find below the major changes on employment and Social Security matters:
Budget Proposals 19 - Poll Mode
Law no. 71/2018, of 31 December, was officially published, which approves the Budget Law for the year 2019 and enters into force on 1 January 2019.
Budget Law for 2019 was approved
Law no. 71/2018, of 31 December, was officially published, which approves the Budget Law for the year 2019 and enters into force on 1 January 2019.
New amendments introduced to early retirement legal framework
Decree-Law no. 119/2018, of December 27, was published in the Official Gazette, amending the legal framework for early retirements, namely easing the possibility of early retirement to beneficiaries with longer careers, reducing the age upon which…
IRC – The impairment losses maximum threshold has been updated (financial entities)
Regulatory Decree no. 13/2018, of 28 of December, was officially published, which establishes the maximum threshold for impairment losses and other deductible corrections on the assessment of the taxable income of the entities subject to the…
Minimum monthly wage for 2019
It was published today in the official gazette the Decree-Law no. 117/2018, of December 27, ruling the increase of the minimum monthly wage to € 600,00, with effects from January 1, 2019, onwards.
IMI – The average value of construction has been updated
Ministerial Order no. 330-A/2018, of 20 December, was officially published, which sets in EUR 492,00 the average value of construction per square meter, for the purposes of article 39.º of the Municipal Property Tax Code, to enter in force in…
Termination of the Double Tax Treaty between Portugal and Finland
Notice no. 146/2018, was officially published, which reports that the Finland Embassy in Lisbon has communicated to the Portuguese government the decision of the Republic of Finland to terminate the Double Tax Treaty signed between Portugal and…
Approved new forms Modelo 44 and 10
As a result of some amendments made to tax legislation during 2018, it is necessary to update certain tax forms used to comply with reporting obligations concerning the Personal Income Tax (“PIT”) and Corporate Income Tax (“CIT…