Portugal
08-13-2019
Law 58/2019, of August 8, which ensures the implementation of the GDPR in Portugal, has come into force last Friday, August 9th.
07-17-2019
Entities which cease their activity until 31 July 2019 shall apply the model of 2018 for the IES of 2019 and the deadline to submit SAFT-T (PT) accounting file was extended until 31 May 2020
07-09-2019
Order no. 271/2019.XXI, of Secretary of State for Tax Affairs, was published in the Tax Authorities' website, which extends the deadline of the Annual Accounting Information (“IES”) submission regarding fiscal year of 2018, ended in 31 December, from 15 July to 17 July 2019.
07-09-2019
Order no. 254/2019-XXI, of the Secretary of State for Tax Affairs, was published in the Tax Authorities' website, determining the extension of the deadline to comply with certain obligations resulting from the SIMPLEX + program, implemented by the Decree-Law no. 28/2019, 15 February, from 1 July 2019 to 1 January 2020
05-09-2019
The Portuguese Data Protection Authority (Comissão Nacional de Proteção de Dados or CNPD) published, on 23 April 2019, its 2017-2018 activity report. This report provide us an overview of CNPD’s activities during the year of 2017 and two periods of the year 2018: from 1 January to 24 May (before the GDPR’s applicability) and from 25 May to 31 December (after the GDPR’s applicability). Among the information provided by the CNPD we highlight the following:
04-17-2019
On April 12, 2019 was published on Diário da República the Decree n. º 112-A/2019 that regulates the creation of the Contract-Generation measure (hereinafter “measure”), which consists on the assignment of financial incentives to indefinite and simultaneous hiring of young searching for their first job and unemployed of long and very long term.
04-16-2019
In the context of the Capitalizar (Capitalize) Program – which has already implemented several changes to Portugal’s legal system – the new simplified legal regime for assignment of credit portfolios was enacted on 28 March 2019 and will come into force on 1 July 2019 (Decree-Law 42/2019, of 28 March) (“Assignment of Credit Portfolios Simplified Regime”).
03-29-2019
It was published today in the official gazette Ordinance no. 95/2019, of March 29, introducing amendments to the “Contrato-Emprego” Program (a public program to promote the employment in Portugal, with financial support to employers). These amendments aim to speed the decision from public authorities regarding the applications to the Program and introduce legal changes in the target beneficiaries of the Program.
03-21-2019
Ruling no. 30211, of 15 March, was disclosed by the Portuguese Tax Authorities, clarifying the extension of some amendments introduced in the Portuguese VAT Code by the Decree-Law no. 28/2019, of 15 February, under the SIMPLEX + Program.
03-21-2019
Garrigues has strengthened its team in Portugal by bringing on board Tomás Pessanha as partner in charge of the Corporate and M&A practice at the Oporto office. Pessanha has had a lengthy professional career as adviser to domestic and foreign businesses and institutional investors on corporate law, commercial contracts, M&A, private equity, venture capital and restructuring processes.