Tax

The Secretary of State for Fiscal Affairs has established, through Order No. 14/2020-XXII, that no penalties will be applied to the submission with errors of the Stamp Tax Monthly Declaration ("DMIS") in the first half of 2020, provided that they are duly replaced by the end of 2020.

The Directorate General for Taxes (DGT) has concluded that the accelerated amortization system may be used in the regime for companies of a reduced size, though only for goodwill and for intangibles with useful lives that cannot be reliably estimated.

Is informed that the Agreement between the Portuguese Republic and the Republic of Angola on Mutual Administrative Assistance and Cooperation in Fiscal Matters, signed in Luanda on 18 September 2018, entered into force on past 20 February 2019, according to Notice no. 8/2020, officially published.

The average value of construction per square meter, for the purposes of article 39 of the Municipal Property Tax (IMI) Code, to enter into force in 2020, maintains the amount effective in 2019 of EUR 492.00, as was officially published by Ministerial Order no. 3/2020, of 20 January.

On December 27, 2019 the Official Galicia Gazette published Law 7/2019, of December 23, 2019, on tax and administrative measures for the autonomous community of Galicia, introducing measures related to devolved taxes and coming into force on January 1, 2020.