Fiscal

Garrigues

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  • 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.

  • Ignacio Campino joins Garrigues as a partner in the Tax Department in Chile

    Garrigues has brought onboard the lawyer Ignacio Campino at its Santiago de Chile office as a partner in the Tax Department. Ignacio Campino has nearly 20 years’ experience advising Chilean and international enterprises on tax and asset-related matters.

  • 2023 does not want to be a fiscal outlier for Portugal

    The competitiveness of the tax system, its simplification, the ongoing study of policy solutions, the stability of legal rulings and their interpretation in line with the objective underlying their creation, in particular in the case of tax incentives, has not been a priority and, unfortunately, 2023 has not brought (and will not bring) anything new to this area.

  • 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.

  • Portugal: Amendments to withholding tax rates applicable in 2023

    Had been amended the withholding tables applicable to employment income (category A) and pensions (category H), received by residents in mainland Portugal, by Order no. 4732-A/2023, of 19 April.

  • Portugal - Real estate capital gains obtained by non-residents: clarifications

    Until 2022 real estate capital gains obtained in Portugal by non-residents were taxed autonomously at the special IRS rate of 28%, except when residing in a Member State of the EU or the European Economic Area and opting to be taxed according to the progressive rates applicable to residents in Portugal from 14.5% to 48%, plus the additional solidarity rate for taxable income exceeding EUR 80,000 (applicable on the exceeding part).

  • Portugal: Temporary VAT exemption to certain food products

    Law no. 17/2023, of April 14, recently approved determines the exceptional and temporary application of VAT exemption to certain food products, from 18 April to 31 October 2023, to mitigate the inflation effect.

  • Municipal surtax rates applicable to 2022 taxable income

    Municipal surtax rates were disclosed through Circular Letter no. 20250, of 31 January 2023, to be paid in 2023, due on the taxable income to be determined in regards to the 2022 fiscal period.