Portugal

09-21-2020
The monetary devaluation indexes were approved by Ordinance no. 220/2020, of 21 September, which updates the annual monetary devaluation indexes applicable to the goods and rights disposed during 2020, whose value should be updated in accordance to articles 47 of the CIT Code and 50 of the PIT Code, for the purpose of determining the tax base of the referred taxes, in particular regarding capital gains.
09-14-2020
Last week, the British journalist Martin Bryant revealed through his blog that he has brought a class action before the High Court of England and Wales representing seven million guests residing in England and Wales. The purpose was to obtain compensation due to the loss of control of personal data suffered as a result of a data breach which took place between 2014 and 2018, through which there was unauthorized access to the reservation database of the Starwood Group (since acquired by the Marriott Group), including, inter alia, passport numbers, dates of birth and possibly credit card details.
09-15-2020
The Portuguese Official Gazette (Diário da República) has published the Resolution of the Council of Ministers nº 70-A/2020 declaring the contingency situation throughout national mainland territory and ordering the adoption and, in some cases, renewal of exceptional measures for combatting COVID-19. These measures include changes in the remote work regime and how work is organized, which will be in force as from September 15, 2020.
08-12-2020
It has been published in the official website of the Portuguese Tax Authority, the new postponement of the deadline to comply with the obligation to prepare and submit the transfer pricing file, to which large taxpayers are subject, under article 130, no. 3, of the Corporate Income Tax (“IRC”) Code, to September 15th, 2020 (in line with the postponement of the submission of the IES/DA). 
08-10-2020
The Government approved some legislative changes regarding SAF-T (PT) accounting file and reporting obligation on the establishments where invoices are issued through Decree-Law no. 48/2020, of 28 August. We highlight below the principal measures.
08-03-2020
IRC periodic return (Model 22) can be submitted and corresponding tax can be paid until today, without any penalty, as decided by the Portuguese Government, by Order 296/2020XXII, given the constraints presented by companies and accountants in the context of the pandemic Covid-19.

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