Portugal
The ex-Formula One Group chief executive avoids a prison term despite the plea, while Ireland and Portugal announce investments in sovereign wealth funds
The UK’s effective corporate tax rate is reportedly at its highest in decades, while PwC executives are expected to face a Senate inquiry.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.
Uber agrees to settle investigation over unpaid VAT, Portugal prepares to harmonise VAT rules between domestic and foreign companies, and more.
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Sponsored by Garrigues PortugalThe Portuguese tax authorities recently published three rulings covering taxation of income derived from foreign fiduciary structures by resident individuals. -
Sponsored by Garrigues PortugalA country's tax policy is reflected in its domestic tax legislation as well as its tax treaty positions.
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Sponsored by Garrigues PortugalPortugal has historically favoured source-based taxation on passive income, which has been coupled with stringent documentation requirements to claim the application of tax treaties (the so-called RFI forms). The Portuguese tax authorities have recently published a new set of procedural forms, this time to apply the transitional regime under the interest and royalties directive (council directive 2003/49/EC). Those developments provide a good pretext to outline the current state of play concerning outbound interest and royalty payments.
