Monetary devaluation indexes for 2021 remain unchanged
Portugal Tax Alert
The monetary devaluation indexes were approved by Ordinance no. 220/2021, of 22 October, which updates the annual monetary devaluation indexes applicable to the goods and rights disposed during 2021, whose value should be updated in accordance to articles 47 of the CIT Code and 50 of the PIT Code, for the purpose of determining the tax base of the referred taxes, in particular regarding capital gains.
Taking into consideration the negative variation of 0.12% of the data published by National Statistics Institute (INE) regarding the Consumer Price Index (excluding housing index), said indexes remain unchanged for 2021.