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Know-How

International Double Taxation in Portugal (2019)

10-01-2019
International double taxation is one of the major obstacles to cross-border trade relations, as well as to the free movement of people, goods, services and capital within the framework of the European Union. The need to eliminate or mitigate international double taxation is increasingly decisive in the current international economic environment dominated by new technologies, digitalization, and increasing globalization. When States...
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The New Tonnage Tax: A Portuguese Geostrategic Assertion

21-11-2018
Following the publication of Decree-Law no.  92/2018, a new legal framework aimed at maritime shipping and merchant fleets has been introduced. With the goal of reinforcing the competitiveness of the Portuguese flag across the seas, it is established a new special regime for the computation of the taxable income based on the vessels’ tonnage (tonnage tax), as well as a special tax and contributory regime for the seafarers. The legal ch...
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Initial Coin Offerings, Cryptocurrency and VAT

10-05-2018
Different issues regarding the taxation applicable to the transactions involving virtual products and, particularly, cryptocurrencies, have, recently, been raised before the Portuguese Tax Authority, which has now issued, a new binding ruling addressing VAT issues in the context of cryptocurrencies and tokens.
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The New Tonnage Tax: A Portuguese Geostrategic Assertion

19-04-2018
Following the approval by the European Commission on April 6, 2018 in the context of EU State Aid rules, the Portuguese Government has taken the first step by approving Law proposal no. 111/XIII. A special tax scheme enhancing maritime transport activities is proposed with the intention to encourage and strengthen the maritime industry. It is expected that this scheme will boost even further Madeira’s International Shipping Register.
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Transparency and fiscal planning: obligations on the intermediaries and next steps

20-03-2018
Following the work carried out by the G20 / OECD under the Base Erosion and Profit Shifting (BEPS) project, namely Action 12 on mandatory reporting rules, and the implementation of the Common Reporting Standard ("CRS"), the OECD published a Mandatory Disclosure Rules Model for Schemes that Avoid CRS and Opaque Offshore Structures. Within a broader framework, at recent ECOFIN meeting, the European Union approved the extension of...
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