Ministry of Finance

Decree-Law No. 36/2016, of 1 July

Amends the Tax Procedural Code (“CPPT”), namely in what concerns to the required procedures for the seizure of movable assets and clarifies that the Local Tax Office is the competent entity to proceed with the sale of the seized assets (articles 248 and 252 of the CPPT).

Also amends the Complementary Regime for Tax Inspection Procedure (“RCIPTA”), clarifying that the internal inspection procedure covers the formal and coherency analysis of documents already held by the Tax Authorities, as well as the documents obtained during the referred procedure.

Further, amends the Regulation of Costs of Tax Procedures, approved by Decree-Law No. 29/98, of 11 February, namely in what concerns to the fees due in tax foreclosure procedures.

Ministry of Finance

Office of the Secretary of State for Tax Affairs

Order No. 150/2016-XXI, of 30 June, published in July 2016

Postpones to September 30, 2016 the deadline for financial institutions to report to the Tax Authorities the data foreseen in Article 7 of the Financial Information Reporting Regime, due to the non-approval and ratification of the Foreign Account Tax Compliance Act (“FATCA”), entered into between Portugal and the Unites States of America.

Ministry of Finance

Secretary of State for Tax Affairs

Order No. 159/2016-XXI, of 13 July

Determines that the application for the flat rate compensation foreseen in article 59-B of the VAT Code, for the first semester of 2016, may be submitted to the Tax Authorities until the 31 of August 2016, under the terms foreseen in Ordinance No. 19/2015, of 4 February.

Presidency of the Council of Ministers

Decree-Law No. 38/2016, of 15 July

Amends the Statute of Tax Benefits, approved by Decree-Law No. 215/89, of 1 July, in what concerns the increase of the scaling factor regarding fuel costs borne by freight transport, public passenger transport and taxi companies.

Presidency of the Republic

Decree of the President of the Republic No. 35/2016, of 18 July

Ratifies the Convention entered into between the Portuguese Republic and the Kingdom of Saudi Arabia to Avoid Double Taxation and Prevent Tax Evasion in respect of Income.

Presidency of the Republic

Decree of the President of the Republic No. 36/2016, of 18 July

Ratifies the Convention entered into between the Portuguese Republic and the Sultanate of Oman to Avoid Double Taxation and Prevent Tax Evasion in respect of Income.

Autonomous Region of Madeira

Legislative Assembly

Regional Legislative Decree No. 33/2016/M, of 20 July

Amends Regional Legislative Decree No. 3/2001/M, of 22 February, which approved the regime of reduction of the Personal Income Tax (“IRS) rates, as provided for in the IRS Code, applicable to residents in the Autonomous Region of Madeira.

Ministry of Finance

Ordinance No. 200/2016, of 21 July

Determines the scaling factor applicable to the monthly quantity of manufactured tobacco released for consumption for purposes of the conditioning rules foreseen in Article 106 of the Excise Duty Code (“CIEC”).

Autonomous Region of Madeira

Regional Finance and Public Administration Secretary

Order No. 301/2016 of 22 July

Approves the IRS withholding tax tables for 2016, applicable to income earned by residents in the Autonomous Region of Madeira, taking into account the amendments introduced by Law No. 7-A/2016, of 30 March, and by the Regional Legislative Decree No. 33/2016/M, of 20 July.

Presidency of the Republic

Decree of the President of the Republic No. 40/2016, of 27 of July

Ratifies the Convention entered into between the Portuguese Republic and the Socialist Republic of Vietnam to Avoid Double Taxation and Prevent Tax Evasion in respect of Income.