Following the implementation in 2016 of the VAT action plan within the European Union, the European Council proposed the European Commission to approve some measures to improve and combat VAT fraud, in particular with regard to intra-Community supplies of goods.
A number of Ordinances with a special impact on Social Security matters have been published in the Portuguese Official Gazette, highlighting the ones that follows:
The withholding tax rates applicable to employment income (category A) and pensions (category H), obtained by the resident taxpayers in mainland Portugal, during 2020, were approved by Order no. 785/2020, of Secretary of State for Fiscal Affairs, and disclosed by the Tax Authorities in Circular no. 2/2020, of 22 January.
Garrigues took the award for Portuguese IP Firm of the Year for the second year running at the annual Global IP Awards organized by the international publications World Trademark Review (WTR) and Intellectual Asset Management (IAM). The firm collected the award last night at the award ceremony in London.
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.
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.
Undoubtedly, 2019 was a busy year in the area of privacy. In Portugal, the GDPR Enforcement Law was approved and the Portuguese Authority (CNPD) took the controversial decision of “disregarding” some of the respective rules. The EDPB and the TJUE were also active, issuing several decisions and opinions, some very interesting. At the end of the year, the Advocate General in case Schrems II gave us excellent news by confirming the validity of standard contractual clauses for transferring data outside the EU. Finally, both the CNPD and the other European supervisory authorities have issued the first fines under GDPR.
Order no. 74/2019-XXII, was published in the Tax Authorities' website, determining that the taxpayers may comply with the tax obligations by 2 January 2020 regarding tax’s payments or ancillary obligations which the deadline ends on 31 December 2019.
The file approved by Ministerial Order no. 126/2019, 2 of May, to be used to report annual inventories to the Portuguese Tax Authorities (“PTA”), only enters into force as regards 2020’s inventories, to be communicated by 31 January 2021, as disclosed by Order no. 66/2019-XXII-SEAF of 13 December of the Secretary of State for Tax Affairs.