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Order No. 7048/2022, of June 2nd, 2022, issued by the Portuguese Government, provides the new list of entities to be scrutinized by the Large Taxpayers Unit of the Portuguese Tax Authorities [...]

The Portuguese Government extended* the deadline to submit the annual Corporate Income Tax Return (Modelo 22) and tax payments from May 31st to June 6th. Furthermore, PDF invoices are valid for [...]

The rules in debate Portuguese tax resident individuals are liable to Personal Income Tax on their worldwide income.  The Non-habitual Resident (“NHR”) residency regime allows for an exemption on [...]

The Portuguese State Budget for 2022 is still pending approval after being rejected last year (a rejection leading to new elections). Considering the rejected State Budget Proposal foresaw the [...]

Taxpayers must soon disclose income earned during the fiscal year of 2021.   Companies Resident companies and other entities liable to Corporate Income Tax must file a ta return (Modelo 22) [...]

The Portuguese Government has approved the withholding tax (Personal Income Tax) tables applicable in 2022 to employment and pension income for Madeira residents (Order 550/2021, of December [...]

The Tax Treaty between Portugal and Sweden has been terminated. The termination is effective January 1st, 2022, as per the Treaties’ provisions. The Portuguese Foreign Affairs Ministry [...]

The Parliament of the Autonomous Region of Azores approved a 30% VAT reduction from July 1st, 2021 onwards. The standard rate will be decreased from 18% to 16%. Other rates of 4% and 9% rates [...]

The Portuguese Government extended tax filing deadlines as follows: Corporate Income Tax return (Modelo 22) from June 30 to July 16. IES/DA from July 15 to July 22. Tax file and transfer pricing [...]

PE rules determine if a given State has the right to tax nonresident enterprises’ profits. Until January 2021, the Portuguese Corporate Income Tax Code provided a restrictive concept of [...]