With this regime’s entry into force, companies must implement new mechanisms towards the prevention of risks of corruption and related infringements. Companies have one year to finalize the full adaptation of their compliance programs or endow their organization with all the necessary means to implement, review and control an effective system for preventing cases of corruption or face the regulatory penalty regime (with fines for companies that may reach 44,891.81 euros) that is drawing nearer.
By Order 7048/2022, of 27 May, issued by the Portuguese Tax Authorities’ General Director, it was published the new list of taxpayers whose tax situation should be followed by the Unit of Large Taxpayers ("Unidade dos Grandes Contribuintes"), and therefore are covered by the Large Taxpayers obligations as of the day of entrance in force of the referred Order (3 June 2022).
The Government approved, through Dispatch n.º 49/2022-XXIII, of May 24, the following measures.
Decree-Law no. 93/2021, which transformed into national law the EU Directive 2019/1937, was published in the Official Gazette, introducing, among other matters, a set of obligations for companies and public entities regarding the protection of whistleblowers and the creation and implementation of internal channels for reporting of breaches.
This new contribution will have to be charged as of 1 July 2022 over plastic or multi-material with plastic packages and in 2023 over packages made of aluminium or multi-material with aluminium.
What are the consequences of a settlement procedure where all the companies reach agreement with the authority conducting the investigation phase except one? Could the latter be harmed by not reaching an agreement? How does the principle of presumption of innocence apply given that the other participants in the infringement have already admitted to the facts? In this article, we identify the risks and disadvantages created by the so-called hybrid process and we will see that these can hardly be fully mitigated.
NPL transactions continued in the first quarter of 2022. Spain and Portugal were the most active jurisdictions with our Madrid, Barcelona and Lisbon offices playing a leading role.
Corporate Income Tax taxpayers are waived from the first special payment on account (PEC) by Order 92/2022-XXII, of 14 March 2022, which had to made, when mandatory, by 31 March 2022 (when they have a tax period equal to the calendar year) or by the end of the third month of corresponding fiscal period.
Withholding tax rates applicable to employment income (category A) and pensions (category H) taxed within the scope of the Personal Income Tax, obtained by the resident taxpayers in the Autonomous Region of Madeira, during 2022, were approved by Order no. º 98/2022, of Regional Secretary of Finance.
Order no. 33/2022-XXII, of 28 January, disclosed on the website of the Portuguese Tax Authority (PTA), determined the extension of two provisional measures related to the Stamp Tax Monthly Declaration (DMIS) adopted in previous Orders.