Pérez-Llorca has advised Ayesa on the acquisition of 100% of M2C Consulting & Procedures, S.L., a Spanish company engaged in the provision of IT services, specifically data management and process automation solutions. Pérez-Llorca advised Ayesa on all legal aspects of the transaction, including (i) the due diligence on M2C; (ii) the set-up of the acquisition […]
A Government Ruling has recently amended the list of high value-added activities that are relevant for the non-habitual tax resident regime. This amendment will enter into force on 1 January 2020 and aims to strengthen the bid for highly skilled labor force. The non-habitual tax resident regime will remain as a powerful argument when hiring […]
On Friday 19 October, the Draft Bill on Digital Services Tax was passed. Known as “the Google tax”, it is an indirect levy (in the words of the draft, compatible with VAT), which aims to tackle the problems of digital business models in the tax sphere.
On 25 May 2018 the ECOFIN Council adopted the fifth amendment of the Directive on Administrative Cooperation in tax (commonly referred to as DAC6), which regulates the exchange of information between Member States of the European Union on “potentially aggressive tax planning schemes”. The main purpose of DAC6 is to strengthen tax transparency and fight […]
In accordance with the State Budget proposal for 2018, gains arising from the onerous transfer of shares, or similar rights, held in companies or other entities non-resident in Portugal shall be considered obtained in Portugal.
The Portuguese government has recentlybeen very active approvingnew legal measures that relate to the corporate word. Most of these measures were outlinedin the Capitalisation Programme (Progama Capitalizar) that was approved by the Government lastyear.
The judgement of the European Court of Justice (ECJ) in case C-682/15 (the “Berlioz” case), handed down within the framework of a preliminary ruling referral by the Luxembourg Administrative Court, was published on 16 May 2017.
In a recent decision by the Spanish High Court, dated 8 March 2017, the court concluded that severances paid for dismissal or termination of senior executive employment relationships could be totally or partially exempt from taxation for personal income tax (“PIT”) purposes.
When the main economic indicators – in particular the growth rate – show signs of recovery in the Portuguese economy after the recent financial crisis, the Portuguese tax and legal system present a set of attractive and sustainable solutions which place the Portuguese market as one of the most competitive in Europe for investors.
In recent years, the Chilean economy has become one of the most attractive economies in Latin America for foreign investment. As a result, many Spanish companies consider Chile as a land of opportunity and a strategic place to land in the South American market, in the way Colombia and Peru have been recently.