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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 [...]

The Swedish Parliament voted for the Tax Treaty with Portugal to be terminated. It will no longer be in force from January 2022 onwards. The reasons behind this decision relate to the special [...]

This article covers the essential components of acqui-hires in Portugal and provides some guidelines for both sides involved.   Hire or acquire in Portugal? The drivers behind M&A [...]