Tax

Garrigues

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  • 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: 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.

  • 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 regime incur in.

  • Garrigues named in London as best Spanish firm in tax litigation

    Garrigues has been recognized as the best firm in Spain in tax litigation for the second consecutive year. The publication International Tax Review (ITR), which covers tax news from firms across the globe, has granted the firm this honor in the context of the EMEA Tax Awards, held yesterday in London and attended by the most noteworthy European firms and lawyers in the tax field.

  • 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 September.

  • 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.

  • Garrigues wins five awards at the 8th Expansión Legal Awards

    It was the biggest winner at the awards for Excellence in Business Law Practice.

  • Portugal: Clarifications regarding the conventional remuneration of the share capital and postponement of the deadline to submit the CIT Modelo 22 return

    Through Dispatch no. 148/2023-XXIII, of May 22, the Portuguese Government approved the extension of the deadline to submit the annual Corporate Income Tax return (Modelo 22), as well as has clarified the application of the tax incentive corresponding to the conventional remuneration of the share capital.

  • Portugal: Approved the withholding tax rates applicable in the second semester of 2023

    The withholding tax rates applicable to employment income (category A) and pensions (category H), obtained by the resident taxpayers in mainland Portugal, during the second semester of 2023, were approved by Order no. 4930/2023, of 26 April.