##  [Updates General State Budget Law 1-2012](/pt/en_GB/new/updates-general-state-budget-law-1-2012) 

# Updates General State Budget Law 1-2012





07 / 03 / 2012

















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The General State Budget Law for 2012 was published in the Official State Gazette on June 30, 2012 (Law 2/2012, of June 29, 2012). We summarize below the main new changes contained in that law, in particular those made in the areas of tax, labor, social security, and administrative law.





**1. TAX MEASURES** 1.1 Corporate income tax  
1.2 Personal income tax   
1.3 Nonresident income tax  
1.4 Value added tax  
1.5 Other matters

**2. LABOR LAW AND SOCIAL SECURITY MEASURES**  
2.1 Social security  
2.2 Other labor-related provisions  
2.3 Provisions concerning public sector personnel

**3. ADMINISTRATIVE LAW MEASURES**  
3.1 Economic and financial support in specific industries  
3.2 Control of the public sector  
3.3 Legislative amendments  
3.4 Toll motorway concession holders

**4. OTHER MATTERS**  
4.1 Maximum limit for government guarantees   
4.2 Public Multi-Purpose Income Indicator  
4.3 Legal interest rate for money and late-payment interest   
4.4 Entry into force













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 This publication is provided for information purposes only and does not constitute legal advice or advice of any other kind. It does not seek to offer a comprehensive summary of the legislation and developments to which it refers nor to cover all published material, but rather to provide an overview of selected topics. It is therefore recommended that the official texts be consulted and specific professional advice be sought. Garrigues does not accept any liability for the use made of this information and assumes no obligation to update it after publication.



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