1. Directors of a company or any other person exercising, even only de facto, direction or managerial functions in a company are jointly liable with the company and jointly and severally between themselves vis-à-vis tax authorities as to tax obligations.
  2. The reason for this legal regime – the Lisbon Second Instance Court adds – is based on the fact that directors and others must act in such a way that there is no distress of diligence as to fulfillment of tax obligations in benefit of other creditors of the taxpayer company, in particular in relation to taxes retained at source and VAT.
  3. Such tax liability regards in particular two different situations (1) liability vested as a consequence of lack or insufficiency of the tax payer assets or, in general, faulty for non-payment of taxes.