Tax and Customs Authority
Personal Income Tax Services
Circular No. 1/2014, of 16 de January

Withholding of Income from Employment and Pensions – Withholding Tables - 2014 Mainland Portugal

The Tax Authorities publish the withholding tax rates applicable to employment and pensions income obtained in 2014 in the mainland (Order No. 706-A/2014, of 9 January).

Tax and Customs Authority
Tax Management Area - VAT

Circular-Letter No. 30157/2014, of 29 de Dezembro
VAT  -  Changing  the  VAT  rates  applicable  to  transactions  carried  out  in  the Autonomous Region of Azores

The Tax Authorities clarify that the new rates of VAT applying to transactions in the Azores (as approved by the State Budget Law for 2014) shall be applied by reference to the moment the chargeable event occurs and tax becomes chargeable.

Thus, the new rates apply to transactions considered to have been carried out and whose corresponding invoice is issued from January 1, 2014 (inclusive).

For a detailed analysis of the State Budget Law for 2014 please refer to our TAX LEGAL FLASH State Budget 2014 | February, 2014.

Tax and Customs Authority
Tax Management Area - VAT
Circular-Letter No. 30158/2014, of 29 de Dezembro
VAT - State Budget Law for 2014. Changes to the VAT Code and complementary legislation

The Tax Authorities highlight the main amendments to the VAT system introduced by the State Budget Law for 2014.

For a detailed analysis of the State Budget Law for 2014 please refer to our TAX LEGAL FLASH State Budget 2014 | February, 2014.

Tax and Customs Authority
Personal Income Tax Services
Circular No. 2/2014, of 29 January

The Tax Authorities publish the withholding tax rates applicable to employment and pensions income obtained in 2014 in the Autonomous Region of Madeira (Order No. 10/2014/M, of 16 January.