Convention on Mutual Administrative Assistance in Tax Matters
The amending protocol to the multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed on May 27, 2010, entered into force on March 1, 2015, in respect to Portugal.
European Union tax strategy
An explanatory guide of the tax policy of the European Union entitled "Promoting the internal market and economic growth" was published on the website of the European Commission.
Model 3 PIT return
A leaflet concerning the submission of the Model 3 PIT return was published on the website of the Tax and Customs Authority, regarding the mechanisms of fulfilment of the obligation, deductions, tax benefits and rates.
Assignment of the PIT assessment
The Tax and Customs Authority published the list of entities eligible to benefit from assignment of part of the 2014 PIT (to be submitted in 2015).
Annual Report on Taxation
The Annual Report on Taxation, prepared by the Committee on Economic and Monetary Affairs of the European Parliament, was published.
Measures on fiscal transparency
The European Commission presented a package of measures regarding fiscal transparency which is part of its program to tackle corporate tax avoidance and harmful tax competition within the EU, which includes a proposal to introduce automatic exchange of information between Member States in relation to tax rulings.
Depreciation and amortization regime
The Council of Ministers approved the depreciation and amortization regime for CIT purposes. Awaits publication in the Official Gazette.
Pilot project regarding VAT cross border rulings
Extension of the ongoing pilot project set up to allow taxpayers to obtain advance binding rulings on the VAT treatment of envisaged complex cross-border transactions.
Initially scheduled to end in December 31, 2014, the project is now set to continue until September 30, 2018.