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Tax Newsletter - September 2019 | Judgments
Exemption for severance requires proof that dismissal was real
Recent decision by the Central Economic-Administrative Tribunal (TEAC) accepts that tax auditors can examine the real legal nature of a dismissal.
Tax Newsletter - September 2019
In this new issue of our newsletter we report on a recent TEAC decision that puts the magnifying glass on tax exemptions for severance. The decision allows tax auditors to review the legal characterization of the dismissal along with whether…
The PTA clarify the deadline regarding the monthly communication of invoice elements
An informative note was disclosed by the Portuguese Tax Authorities (“PTA”) regarding the monthly…
The use of certified invoicing software becomes mandatory for non-resident entities not established in Portugal just in 2021
As announced in Order no. 254/2019.XXI, of 27 June, issued by the State Secretary for Tax Affairs, the…
Amendments to tax legislation have been approved
The amendments approved by Law no. 119/2019, of 18 September 2019, respects to different matters, in particular to Personal Income Tax (“PIT”), Corporate Income Tax (“CIT”) and VAT…
Stamp Tax monthly declaration has been finally approved, to be submitted as from 2020
Ministerial Order no. 339/2019, of October 1st, was officially published, which approves the official form of the Stamp Tax Monthly Declaration and respective filing…
The Peruvian Tax Administration (SUNAT) published a resolution that establishes the procedure, deadlines and conditions for submitting the Ultimate Beneficiary Informative Return
Legislative Decree No. 1372, whose regulation was approved through Supreme Decree No. 003-2019-EF, established that legal persons and legal arrangements have the obligation to inform SUNAT about the identity of their ultimate beneficiaries.…
Spanish Ministry of Finance opens public consultation period for intra-Community VAT amendments set to come into force on January 1
Ministry of Finance has published a draft law and a preliminary bill for a royal decree to implement in Spain the EU provisions introducing changes in relation to VAT in intra-Community trade in goods and opens the period for comments and public…
It has been amended the transfer pricing regime and the transfer pricing file obligations
Law no.119/2019, 18 September, was officially published, which amends, among others, the transfer pricing regime, namely articles 63, 130 and 138 of the Corporate Income Tax (“CIT”) Code…
It was published the first amendment to the Portuguese SIGIs’ Regime
On the 4th of September 2019, Law no. 97/2019 was published in Portugal’s Official Journal introducing the first amendment, approved under a parliament review, to the Real…
The stamp tax base on mortgage loan modifications is limited to the value of the modified aspect
Certain novations of mortgage loans are exempt from stamp tax, particularly those cases where only the interest rate and/or the repayment period are modified. However, where other financial clauses are amended, stamp tax does apply…