Publications - Tax
Tax Newsletter - July and August 2022
Spain: The reform of the Tax on Fluorinated Greenhouse Gases comes into force
Law 14/2022 of July 8, 2022, the first final provision of which amends the Tax on Fluorinated Greenhouse Gases (IGFEI), was published in the Official State Gazette on July 9, 2022. In addition, the corresponding implementing regulations were…
Colombia: 2022 tax reform bill
On 8 August 2022, a bill was submitted to the Congress of the Republic for the adoption of a tax reform in Colombia. The new government proposes a set of measures that aim to redistribute wealth by increasing the tax burden on those with the…
Portugal: New withholding tax rates applicable in Mainland as from 1 July 2022 were approved
New PIT withholding tax tables, which are in force for the Mainland in 2022, were approved for employment income paid or made available as from 1 July 2022, by Order no. 8564-A/ 2022, of the Secretary of State for Tax Affairs, rectified by…
Portugal: Waiver of the obligation to appoint a tax representative and to adhere to the electronic mailbox by taxpayers that adhere to electronic notifications
The Government, through Decree-Law n.º 44/2022, of July 8, approved the following measures on the option to apply for electronic communications when interacting with the Tax and Customs Authority (TCA).
Exemption for work performed abroad: Directors can apply the exemption for their executive activities
The Supreme Court has concluded that directors are entitled to the exemption for work performed abroad as part of their executive activities. Also, the courts are placing limits on the documents that the tax authorities are allowed to request from…
Tax Newsletter - June 2022
Exemption for work performed abroad: Directors can apply the exemption for their executive activities
Portugal: Postponement of the deadline to pay the VAT and to submit the transfer pricing file
The Portuguese Government, through Dispatch n.º 135/2022-XXIII, of July 6, clarifies and approves a series of measures, without the application of any additional charges or penalties.
Currency fluctuations and their impact on corporate taxation in Latin America, a key issue for investment in the region
In a region long known for volatility in exchange rates, whether or not tax accounting can be kept in foreign currency and how exchange differences are treated for tax purposes are crucial matters for multinationals operating all over the continent…
Portugal: VAT obligations amended by the State Budget Law for 2022
Following the entry into force of the State Budget Law for 2022 (Law no. 1272022, of 27 June) on 28 June, we highlight the following changes on VAT matters.
Personal income tax filing season: a few principles to be considered on determining transfer value in sales of unlisted shares
Several courts have pronounced on the special pricing rule for transfers of unlisted shares and in particular on how to apply the rule to transfers of shares in dormant or newly created companies. They have also pronounced on the burden of proof in…
Tax Newsletter - May 2022