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  • Deadline for submitting the annual CIT return (Modelo 22 form) extended to 15th July

    The outgoing Secretary of State for Tax Affairs issued, on the 14th, the Dispatch no. 176/2024 - XXIII extending the deadline for submitting the 2023 CIT return (Modelo 22) from 31 May to 15 July 2024.

  • Portugal: PTA has decided that Advance Pricing Agreements are the suitable mechanism to determine the transfer pricing method and the arm's lengh pricing, under intragroup service agreements

    The Portuguese Tax Authorities (PTA) decided, in the context of a Binding Information Request (PIV) –Case no. 22442–, that this is not the appropriated approach for determining the transfer pricing method nor the arm’s length pricing between…

  • Portugal: The average construction value per square meter is maintained for 2024

    This value of 532 euros applies to all urban properties whose Model 1 forms are delivered since 1 January 2024.

  • Annual Salary Bonus approved for bachelors and masters working in Portugal

    The Salary Bonus has an annual value of between 697 euro (years for bachelor's degree) and 1,500 euro (years for master's degree) and will be paid to those who have these academic degrees and for the number of years equivalent to the ones needed to…

  • Portugal launches international public tender for the first phase of the Lisbon to Oporto High-Speed Railway Line

    The Government of Portugal has authorized the opening of a public tender for the concession. This project, part of the National Railway Plan and the National Investment Program 2030, aims to promote decarbonization and improve the capacity of…

  • Portugal has approved the Voluntary Carbon Market regime

    We analyse the new Voluntary Carbon Market regime and the rules for its functioning in 10 questions.

  • Portugal: Approval of the urban pressure coefficient regarding the extraordinary contribution on local accommodation

    It was approved the urban pressure coefficient for the purpose of the assessment of the extraordinary contribution on local accommodation.

  • NPLs in Spain, Portugal and Latin America: more selective deals and increasing activity in secondary markets and debt servicing industry

    In the first three quarters of 2023, we saw investors adopting a more selective and specialized approach in their NPL investments, increasing their appetite for unlikely-to-pay (UTP) and reperforming loans (RPLs).

  • Portugal: Creation and regulation of the AVANÇAR program

    This program grants financial support to employers who enter open-ended employment contracts with young unemployed persons aged 35 or under.

  • Portugal: Decent Work Agenda New Regulation

    The Decent Work Agenda consists of a reform of labour relations that includes measures to improve working conditions and, simultaneously, facilitate the conciliation of employees' professional and family life.

  • Simplification in real estate transactions in Portugal: what changes

    The set of measures proposed by the Government for parliamentary approval is ambitious and bold, with a view to simplifying processes in carrying out urban development operations and executing real estate transactions. It is important to understand…

  • Portugal: Amendments to the Sustainable Employment Commitment measure

    Ordinance no. 109/2023, of April 19 was published in the Official Gazette, introducing amendments to the Sustainable Employment Commitment measure (“Compromisso Emprego Sustentável”).