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.
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.
The challenges of European AI regulation for the financial sector
Artificial intelligence has enormous potential for financial institutions. Therefore, in addressing its regulation, the aim is to provide a framework of legal certainty to facilitate its adoption and also to address the challenges and risks for the…
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…
Decent Work Agenda in Portugal: Main changes to labor legislation come into force on May 1, 2023
Law no. 13/2023 of 3 April has been published in the Official Gazette, introducing amendments to the Labor Code, Law no. 105/2009 of 14 September (Labor Code Regulation), Decree-Law no. 66/2011 of 1 June and the Social Security Contributions Code.
Portugal: Extension until 31 December 2023 of the VAT exemption applicable to certain food products
The VAT exemption exceptionally applicable to certain food products, previously approved by Law no. 17/2023, of 14 April, was extended from 31 October to 31 December 2023 by Law no. 60-A/2023, of 31 October.
Portugal: Currency devaluation coefficients for 2023 updated
The new currency devaluation coefficients were published to be applied to goods and rights transferred during 2023.
Offshore Wind Auction in Portugal: period for expressing interest in participating
The Official State Gazette has published Announcement no. 220-A/2023 determining the opening of a period for expressions of interest to participate in the procedure for the award of offshore wind energy production rights.
Teleworking in Portugal: limits regarding the tax exemption and exclusion of social security contributions of the compensation amount due to the employees
The Ordinance no. 292-A/2023 foresees the exemption limits for tax purposes and exclusion from social security contributions regarding the compensation due to the additional expenses that the employees who carry their activities under a telework…