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Meaning of “expenses incurred to carry out activities that are against the law” cannot be construed broadly
The Corporate Income Tax Law states (article 15.f) that expenses incurred to carry out activities that are against the law are not deductible. The Supreme Court concluded in a judgment delivered on …
Option or changes to the tax group under the special regime for group taxation (RETGS)
Until the 31 March 2021, the following communications must be made to the Tax and Customs Authorities, through the start-up form or change of activity form to be submitted by electronic means:
COVID-19: Portuguese invoices issued in PDF format used until June and February Monthly Remunerations Statement delivered by March 15
The Portuguese Government approved a new review of the flexibility scheme on tax obligations compliance through …
The new return for reporting in 2021 the extraordinary contribution on SNS suppliers was approved (Modelo 56)
The new Model 56 statement was approved by Ordinance no. 50/2021, of 5 March, for the assessment and payment of the extraordinary contribution on suppliers of the National…
Directive ATAD II: Spanish anti-hybrid legislation approved
On March 10, 2021, Royal Decree-Law 4/2021, of March 9, 2021, was published, which transposes Council Directive (EU) 2016/1164 of 12 July 2016, amended by Council Directive (EU) 2017/952 of 28 May 2017 (ATAD II Directive), as regards “hybrid…
COVID-19: Flexibility on the payment of portuguese VAT due in December 2020 or in the last quarter of 2020 for SMEs, cultural activities, catering and accommodation services
The Portuguese Government approved, through Dispatch n.º 52/2021-XXII, of 25 February, a new review…
Self-assessments may be corrected outside the voluntary filing period to claim tax benefits
According to various courts, claiming or not claiming tax benefits is a right not an electable tax option, so taxpayers are allowed to correct their self-assessments even after the end of the filing period for the tax concerned.
COVID-19: new tax deadlines prorogations in Portugal
The Portuguese Government approved, through Order of SEAF no. 43/2021-XXII, of 15 February and…
Municipal surtax rates applicable to 2020 taxable income were disclosed
Municipal surtax rates were disclosed through Circular Letter no. 20229/2021, of 16 February…
Monthly Stamp Tax Returns submitted with errors may be replaced until the end of June 2021 with no penalties
Considering that the Monthly Stamp Tax Return ("DMIS") became fully operational at the beginning of 2021 and that some doubts still persist that may condition its correct submission, the Portuguese Tax Authority ("AT") has determined, through…
COVID-19: Portuguese inventory communication postponed to 28 February 2021
The obligation to communicate inventories to the Portuguese Tax Authority was postponed from 31 January to 28 February 2021 by …
First mandatory submission of the Stamp Tax Monthly Return in February 2021
We remind that, after the successive postponements of the implementation of this measure approved by the 2018 State Budget Law (Law no. 114/2017, of 29 December), the Monthly Stamp Tax…