Lisbon
Portugal: Deadlines for communication of inventories, SAF-T accounting and use of invoices issued in PDF have again been extended
The State Budget for 2024 introduces a new flexibility of the tax calendar with regard to the fulfilment of certain tax obligations.
Portugal: Work accident pensions increase by 6% for 2024
The value of pensions for accidents at work is updated annually, in line with the evolution of Portuguese GDP and the CPI in Portugal.
Portugal: Indexing reference for social aid updated to 509,26 euro in 2024
This index is the reference for several social security aids.
Portugal: Retirement age increases to 66 years and 7 months in 2025
Considering the increase of life expectancy recorded in 2022 and 2023, the standard age to access retirement pension in the Portuguese general social security system in 2025 will increase to 66 years and 7 months.
Portugal transposes Directive on representative actions for the protection of consumers' interests
This law, very much in line with the Law on Class Actions (Law no. 83/95, of 31August), strengthens the procedural means for protecting the collective interests of consumers, ensuring a high level of consumer protection in the European Union, as…
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…
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.