Flash News NA 19/11/2024
What is expected to change in Portugal with the 2025 State Budget.
The State Budget for 2025, approved in general on October 31, 2024, introduces several significant changes in the tax field.
The State Budget for 2025, approved in general on October 31, 2024, introduces several significant changes in the tax field.
In accordance with the current Portuguese labour code, particularly article no. 131, the company is obliged to have a professional training plan for its workers for a minimum of 40 hours per year.
The Portuguese government managed to reach an understanding to make the State Budget for 2025 viable, but now it remains to be defined which proposed changes will be approved in the specialty voting.
In this article we will focus on the Youth PIT measure. This measure is intended to be an improved and broader version when compared to the legislation introduced by previous budgets in this matter.
Payroll compliance is essential to ensure legal obligations are met and to avoid sanctions that can impact a company’s reputation and stability. A continuous focus on compliance guarantees efficient and sustainable operations.
Last September, significant changes were made to the way invoices, receipt-invoices and receipts are issued on the Portuguese Tax Authority web page.
The municipal tourist tax is an extra fee applied per night and per person, in addition to the room price, for guests staying in tourist accommodations such as hotels, guesthouses, resorts, local lodgings, and rural tourism accommodations. The goal is to raise funds for each municipality to invest in public infrastructure that supports tourism.
The Government recently announced the implementation of new IRS withholding tables, which promise to bring significant changes to Portuguese taxpayers.
The IRS tax regime for carrying out a professional or business activity, commonly known as self-employed workers or “freelancers”, is, or should be, an organized way of developing a business as if it were under the Corporate Tax regime through a company.
Portugal_ The payment of taxes is a duty that must be fulfilled by all taxpayers, whether business or individual.
Portuguese taxpayers without organized accounting will no longer be required to purchase physical books for VAT registration.
The preferred holiday period approaches, here is some general information about the main rules regarding holiday enjoyment.
Have you started working? Here are some of the things that are not taught at school!
The IES (Simplified Corporate Information) declaration for the 2023 tax period must be submitted until the 15th of July of 2024.
Soft skills are a set of abilities and competencies related to human behavior.
In this way, they are considered necessary characteristics for a professional to achieve their professional objectives, what they establish for their career.
New response procedures to wage garnishments were announced on the website of the Tax and Customs Authority during April, in order to address the reported constraints in their issuance on the portal.