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Portugal: IES/DA with previous SAF-T filling postponed to 2023
The obligation to fill IES/DA statement through the prior submission of the SAF-T (PT) file in accordance with the provisions of Ordinance 31/2019, of 24 January, was…
Portugal: Maintenance of special contributions for 2022 is confirmed
Following the withdrawal of the Proposal of State Budget Law for 2022, Law no. 99/2021, of December 31, was published determining that the following will remain in force…
Tax Newsletter - December 2021
An income reclassification cannot be used when a conflict in the application of tax provisions procedure should have been initiated
A conflict in the application of tax provisions procedure requires a prior favorable report by the consultative committee as specified in article 159 of the General Taxation Law (LGT). Any assessments issued without implementing these guarantee…
Extended period for IIT preferential policy of allowances for foreign individuals
On December 31, 2021, the Ministry of Finance and the State Administration of Taxation have decided to continue that the IIT preferential policy of allowances for foreign individuals (e.g. home visit, housing allowance, children’s tuition fee etc…
Spain General State Budget Law for 2022: overview of the tax provisions
The law includes a 15% minimum corporate income tax rate and nonresident income tax rate (for taxpayers with a permanent establishment), a €1,500 cap placed on the reduction for individual pension plans and restrictions introduced for access to…
China: Extended period for some IIT preferential policies
On December 29, 2021, the executive meeting of the State Council has decided to continue the implementation of some IIT preferential policies as follows:
The European Commission presents its proposed directives to ensure a 15% minimum global tax rate and to counter the misuse of shell companies
These proposals, presented on December 22, 2021, have their respective origins in the work of the OECD and G20, for the implementation of a global minimum tax rate (known as Pillar 2) and in the communication on business taxation for the 21st…
Tax Newsletter - November 2021
Spanish Supreme Court confirms National Appellate Court’s principle: offsetting tax losses is not a tax option
In a judgment delivered on November 30, 2021, the Supreme Court examines whether it is allowed to offset tax losses on a corporate income tax self-assessment filed outside the time limit and concludes that it is. Moreover, according to a…
Withholding tax rates applicable in 2022 in Azores were approved
The withholding tax rates applicable to employment income (category A) and pensions (category H), obtained by the resident taxpayers of the Autonomous Region of Azores, during 2022, were approved by …
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…