Portugal: 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.
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…
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…
Portugal: Temporary solidarity contributions on the energy and food distribution sectors
The forms for reporting the temporary solidarity contributions (CST) on the energy sector (Model 59) and the food distribution sector (Model 60) and the respective filling instructions, were approved by Ministerial Order no. 281/2023, of 13…
Portugal: Postponement of the deadline for the application of the contribution on plastic packaging to aluminum packaging
The application of the single-use plastic packaging contribution to aluminum or multi-material packaging with aluminum was extended from 1 September 2023 to 1 January 2024, according to the Ministerial Order no. 270/2023, of August 29.
Social Security Multilateral Convention of Portuguese Language Countries Community (“CPLP”) was approved
Decree no. 24/2023, of 25 August was published, approving the Multilateral Convention on Social Security of Portuguese Language Countries Community (“CPLP”).
Social Security Convention between Portugal and East Timor
Decree no. 21/2023, 7 August was published in the official gazette. This Decree introduced the Convention on Social Security between the Portuguese Republic and the Democratic Republic of East Timor.
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.