Lisbon
The PTA clarify the deadline regarding the monthly communication of invoice elements
An informative note was disclosed by the Portuguese Tax Authorities (“PTA”) regarding the monthly communication of invoice elements, which clarifies that this deadline is up to the 15th day of the following month regarding…
Amendments to tax legislation have been approved
The amendments approved by Law no. 119/2019, of 18 September 2019, respects to different matters, in particular to Personal Income Tax (“PIT”), Corporate Income Tax (“CIT”) and VAT, as well as some tax procedures have…
Stamp Tax monthly declaration has been finally approved, to be submitted as from 2020
Ministerial Order no. 339/2019, of October 1st, was officially published, which approves the official form of the Stamp Tax Monthly Declaration and respective filing instructions.
The use of certified invoicing software becomes mandatory for non-resident entities not established in Portugal just in 2021
As announced in Order no. 254/2019.XXI, of 27 June, issued by the State Secretary for Tax Affairs, the Portuguese Tax Authorities (“PTA”) disclosed Ofício-Circulado no. 30213/2019, of 1 October, which contains some…
Companies are liable for the algorithms they use
The Competition Authority has informed companies selling goods or services online and which use algorithms for coordinating prices with each other that this practice constitutes a breach of competition law, emphasizing that the companies themselves…
Competition Law Newsletter - October 2019
CNPD issued a Deliberation (Deliberation No. 494/2019, of September 3) stating that they will not apply some of the rules of the Portuguese Law implementing GDPR
In order to “ensure the principle of primacy of the European Union law and the full effectiveness of the GDPR”, the Portuguese Data Protection Agency (“CNPD”) “intends to disregard, in situations of processing of…
It has been amended the transfer pricing regime and the transfer pricing file obligations
Law no.119/2019, 18 September, was officially published, which amends, among others, the transfer pricing regime, namely articles 63, 130 and 138 of the Corporate Income Tax (“CIT”) Code, which establish the transfer pricing regime, the…
New legislation that transfers to the Portuguese Securities Market Committee (CMVM) the powers of prudential supervision of investment management companies was published
It was published on 24 September 2019 Decree-Law no 144/2019 which transfers from the Bank of Portugal to the Securities Market Committee (CMVM) the powers of prudential supervision of investment fund management companies and credit securitisation…
It was published the 15th amendment to the Labor Code and Contributory Code
Law no. 93/2019, of September 4, was published in Diário da República, which introduced changes to the Labor Code and its Regulation, as well as to the Code of Contributory Regimes of the Social Security Social Security System and its Regulation.
Employee´s rights are increased by the Parenting Protection Regime
Laws no. 90/2019 and 93/2019, of September 4, were published in Diário da República, which introduced the following amendments regarding the parenting protection regime:
Contingency measures have been adopted by the Portuguese Council of Ministers in the event of a no-deal Brexit
As already adopted by other EU member states, on 12 September 2019 contingency measures were approved by the Portuguese Council of Ministers and should be applied to credit institutions, investment companies and management entities with head office…