Announcement of the Council of Ministers of 5 March 2014

The Council of Ministers approved a legislative proposal establishing a special tax regime for foreign entities organizing the final competitions UEFA Champions League and UEFA Women's Champions League of season 2013/2014, as well as for sports clubs, their players and foreign staff involved, given the significant tourist and economic interest of having such matches in Portugal.

Announcement of the Council of Ministers of 13 March 2014

The Council of Ministers approved the amendment of the legislative text that creates specific chambers to the social security enforcement proceedings, defines the special rules applicable to those proceedings and suits the organization and jurisdiction of administrative and tax courts.

Announcement of the Council of Ministers of 13 March 2014

The Council of Ministers approved the amendment of the Tax and Customs Authority’s organic, introducing amendments to this entity’s expenses regime.

European Commission Memo/14/172, of 10 March 2014

The European Commission published a memo with responses to frequently asked questions regarding the EU savings taxation rules and savings agreements with third countries.

This memo highlights the importance of a coordinated approach in this area, namely to avoid tax evasion and prevent market distortions.

The memo also emphasizes the importance of the EU Savings Directive, in particular within the context of the applicable information exchange system, and underlines the proposals foreseeing the extension of the scope of the Directive to cover investment and pensions funds, amongst other financial instruments, as well as the extension of the scope of the current automatic information exchange system.