Lisbon
Portugal: Updated to EUR 512 the average construction value per square meter for 2022
Ministerial Order no. 310/2020, of 20 December, was officially published, which sets in EUR 512,00 the average value of construction per square meter, for the purposes of article 39 of the Municipal Property Tax Code, to enter into force in 2022.
Portugal: retirement age decreases to 66 years and 4 months in 2023
Ordinance no. 307/2021, of December 17th, was published in Official Gazette, decreasing the standard age to access retirement pension in the Portuguese general social security system to 66 years and 4 months in 2023.
Portugal: the value of the IAS for 2022 will be EUR 443.20
The value of the social support index (IAS) was updated by Ministerial Order no. 294/2021, of 13 December. Accordingly, the value of the IAS for 2022 will be EUR 443.20.
The Portuguese Government launched a competitive tender for the allocation of floating solar capacity in reservoirs
Aiming at transitioning to a carbon-neutral economy, Portugal has committed to adopt strategies towards carbon neutrality based on renewable energy sources, with a focus on energy efficiency and energy consumer.
Portugal: Exceptional regime of reorganization of the workplace and reactivation of the exceptional aid for family
It was published in Official Gazette the Council of Ministers’ Resolution no. 157/2021, which sets forth the state of calamity throughout mainland Portugal until 11:59 p.m. of March 20th,2022 and reinstates a regime of adaptation of the…
Portugal: Update of indexing reference for social support
It was published in the Official Gazette the Ordinance no. 294/2021, December 13th, setting the Indexing Reference for Social Support for the year of 2022 in € 443.20.
Increase of the minimum monthly wage € 705.00 and exceptional measure of compensation
It was published in the Official Gazette the Decree-Law no. 109-B/2021, December 7, which determines the increase of the minimum monthly wage to € 705.00, with effects from January 1st, 2022, onwards and creates an exceptional measure to…
Minimum monthly wage and new withholding tax rates approved to 2022
The Government approved, through Decree-Law 109-B/2021, the increase of the guaranteed minimum monthly wage (“RMMG”) from EUR 665 to EUR 705, to become effective from 1 January 2022 onwards.
Portugal: Amendments to the transfer pricing regime
On 26 November, the ministerial orders no. 267/2021 and no. 268/2021 have been published, reviewing the Advanced Pricing Agreements and the regulation of the transfer pricing regime and revoked, respectively, the ministerial…
Portugal: New consumer rights in the sale and purchase of digital services, contents and goods
Decree-Law 84/2021, dated October 18, has been published, regulating consumer rights in the sale and purchase of digital services, contents and goods and transposing Directives (EU) 2019/771 and (EU) 2019/770.
Monetary devaluation indexes for 2021 remain unchanged
The monetary devaluation indexes were approved by Ordinance no. 220/2021, of 22 October, which updates the annual monetary devaluation indexes applicable to the goods and rights disposed during 2021, whose value should be updated in accordance…
NPL and REO transactions continue to take off in Latam, Spain and Portugal
NPL transactions continued to take off in the third quarter of 2021. A growing interest in NPL securitizations has been perceived, especially in Spain. In Europe, meanwhile, talks continue on two key topics: the draft directive on credit purchasers…