Flash News NA 2025/08/04
New IRS tables starting in August
The Government recently announced the implementation of new IRS withholding tables, which promise to bring significant changes to Portuguese taxpayers.
Flash News NA 2025/07/24
The Transition of Portuguese SMES to IFRS S1 and S2 (ESRS): Accounting Challenges and Growth Opportunitieso
1. Introduction to the New Regulatory Framework
The Directive CSRD (Corporate Sustainability Reporting Directive) requires European companies, including some SMEs that are part of supply chains or have access to international markets, to present integrated reports based on the ESRS standards. These standards are equivalent to IFRS S1 (sustainability-related disclosures) and IFRS S2 (climate-related disclosures). The standards will come into force in stages from 2025–2026 for larger companies, gradually extending to smaller entities.
Flash News NA 2025/07/01
When the €15,000 Threshold is Exceeded under the Special VAT Exemption Scheme. Procedures and Transitional Regime in 2025 in Portugal
With the entry into force of the new Special VAT Exemption Scheme (REI), amended by Decree-Law no. 35/2025, taxpayers under this regime must closely monitor their turnover. If they exceed €15,000 in the previous calendar year, they will be mandatorily subject to the normal VAT regime from 1 January of the following year..
Flash News NA 2025/06/20
Mandatory Use of Certified Invoicing Software in Portugal
In Portugal, VAT-registered businesses are required to comply with strict invoicing rules, including the mandatory use of invoicing software certified by the Portuguese Tax and Customs Authority (AT). This article outlines the legal framework, purpose of the requirement, and consequences of non-compliance.
Flash News NA 2025/06/20
Prestações Suplementares vs Suprimentos. Vantagens para os Sócios e para a Empresas em Portugal
When shareholders need to strengthen a company’s financial position, they typically consider shareholder loans or supplementary contributions. This article explains the key differences between these two methods and highlights the advantages of supplementary contributions under Portuguese law.
Flash Notícias NA 05/06/2025
Tax Benefits of Plug-in Hybrid Vehicles in Portugal
Plug-in hybrid vehicles (PHEVs) benefit from substantial tax advantages in Portugal. This article outlines the eligibility criteria and applicable tax benefits under the current Portuguese tax legislation.
Flash Notícias NA 05/06/2025
Accounting and Tax Procedures for Company Dissolution in Portugal
The dissolution of a company in Portugal involves fulfilling various accounting and tax obligations to legally cease business activities. This article outlines the essential accounting and tax steps, deadlines, and legal requirements to ensure a compliant closure process.
Flash News NA 2025/05/27
Portugal_Tax benefit _ Incentive to the Capitalisation of Enterprises (ICE)
The tax regime of incentive to capitalization of companies (ICE) was created by article 251 of the State Budget Law for 2023 (Law no 24-D/2022, of 30 December), through the addition to the Statute of Tax Benefits (EBF) of article 43-D.
Subsequently, this rule was amended by Article 5 of Law 20/2023 of 17 May.
Both Law 24-D/2022 of 30 December and, subsequently, Law 20/2023 of 17 May established transitional regimes for the ECI in Articles 252 and 12 respectively.
This tax benefit replaced two other schemes, the Conventional Capital Remuneration (RCCS) and the Deduction for Retained and Reinvested Profits (DLRR), since it compensates companies that promote the reinforcement of equity capital, and which had positive results in the previous year and did not distribute them.
Flash News NA 2025/05/22
Municipal Surtax in Model 22: How to calculate for companies with establishments in different Portuguese cities?
Modelo 22 is one of the key tax obligations for companies in Portugal and includes the assessment of Corporate Income Tax (IRC) and its related surcharges. Among these, the municipal surtax (derrama) is particularly relevant for companies with operations in multiple municipalities. This article clearly explains how to calculate this surtax, based on legal principles and the proper completion of the tax return.
Flash News NA 2025/05/14
Factors Influencing Income Tax Withholding Rates for Employees in Portugal
Income tax withholding rates applicable to employees in Portugal depend on a range of legal and personal factors that must be carefully considered by employers. This article outlines the key elements that influence these rates.
Flash News NA 2025/04/21
IRS Adjustment in Portugal: What You Need to Know in 2025
The IRS (Personal Income Tax) adjustment is an annual process that reconciles tax withheld at source during the year with the amount dueThe IRS (Personal Income Tax) adjustment is an annual process that reconciles tax withheld at source during the year with the amount due.
Flash News NA 2025/04/14
Flexibility in Tax Payments in Portugal
In the context of developing a business/commercial activity, it is common for companies to go through periods of reduced cash liquidity. In cash flow management, if there are difficulties in paying VAT, the Complementary VAT Deferral Scheme can be used, allowing the payment to be split into up to 3 instalments without penalties.
Flash News NA 2025/04/04
The Replacement of an Accountant in Case of Incapacity: - Procedures for Companies and Individuals
The incapacity of a Certified Accountant, whether due to death, illness, or another reason, can pose a significant challenge for companies and individuals who rely on their services.
Flash News NA 2025/04/04
Changes to the VAT Exemption Regime for Small Businesses: Opportunities and Challenges in Portugal
Decree-Law No. 35/2025, of March 24, introduced significant modifications to the VAT exemption regime applicable to small businesses in Portugal.
Flash News NA 2025/04/03
Portugal - The New Rules on the Localization of Service Provision and Their Impact on VAT
Decree-Law No. 33/2025 introduced significant changes to the localization of service provision for VAT purposes, affecting both in-person and virtual services in sectors such as culture, art, sports, education, and entertainment.
