Portugal has approved the Voluntary Carbon Market regime
We analyse the new Voluntary Carbon Market regime and the rules for its functioning in 10 questions.
Portugal launches international public tender for the first phase of the Lisbon to Oporto High-Speed Railway Line
The Government of Portugal has authorized the opening of a public tender for the concession. This project, part of the National Railway Plan and the National Investment Program 2030, aims to promote decarbonization and improve the capacity of…
Portugal will raise the monthly minimum wage to 820 euros by 2024
It was published in the official gazette Decree-Law no. 107/2023, of 17 November, ruling the increase of the minimum monthly wage, with effects from January 1, 2024, onwards.
Amendment to the scope of the reduced VAT rate applicable to refurbishment works
Following the publication of the “More Housing Program”, which contains a set of tax measures, the Tax Authority clarifies the scope of the reduced VAT rate for renovation works after said law change.
Simplification in real estate transactions in Portugal: what changes
The set of measures proposed by the Government for parliamentary approval is ambitious and bold, with a view to simplifying processes in carrying out urban development operations and executing real estate transactions. It is important to understand…
Portugal: Decent Work Agenda New Regulation
The Decent Work Agenda consists of a reform of labour relations that includes measures to improve working conditions and, simultaneously, facilitate the conciliation of employees' professional and family life.
Portugal: Amendments to the Sustainable Employment Commitment measure
Ordinance no. 109/2023, of April 19 was published in the Official Gazette, introducing amendments to the Sustainable Employment Commitment measure (“Compromisso Emprego Sustentável”).
2023 does not want to be a fiscal outlier for Portugal
The competitiveness of the tax system, its simplification, the ongoing study of policy solutions, the stability of legal rulings and their interpretation in line with the objective underlying their creation, in particular in the case of tax…
Portugal launches international public tender for the design-build and operation of a desalination plant in the Algarve
Águas do Algarve has launched a public tender for the design, construction and operation of the Seawater Desalination System in the Algarve region. The base price of the procedure is 90 million euros.
Portugal: PTA has decided that Advance Pricing Agreements are the suitable mechanism to determine the transfer pricing method and the arm's lengh pricing, under intragroup service agreements
The Portuguese Tax Authorities (PTA) decided, in the context of a Binding Information Request (PIV) –Case no. 22442–, that this is not the appropriated approach for determining the transfer pricing method nor the arm’s length pricing between related…
Portugal: Municipal surtax rates applicable to 2023 taxable income
The Portuguese Tax Authority disclosed already the municipal surcharge rates to be applied in 2023 fiscal year by Corporate Income Tax taxpayers.
Portugal: minimum monthly wage is increased to € 850.00 in the Autonomous Region of Madeira
The increase will be effective as from January 1st, 2024, onwards.