Nowadays, electricity generated using hydropower contributes in a substantial way to meeting the world’s increasing electricity demands. The role of hydropower, along with other renewable energy sources, is expected to become increasingly relevant in future.
The Portuguese economy is facing difficulties derived from its consecutive and excessive budgetary deficits and the constraints imposed by the bailout from the IMF, EU Commission and European Central Bank (ECB).
Life insurance is usually bought to transfer risk from an individual to a pool, and therefore protect against untoward incidents and to provide for monetary compensation to the individual’s family. The investment risk
One of the main objectives of the new regime of tax amnesty, also known as RERT III (Regime Excepcional de Regularização Tributária), is settling with the Portuguese Tax Administration any financial or corporate
Spanish financial institutions and corporations face nowadays a need to refinance existing debt and to obtain additional liquidity. The capital markets, which seem to have shown a degree of recovery, are the natural route for
Order in Council no. 292/2011, published on 8 November, updated the list of countries, territories and regions with clearly more favourable privileged tax regimes ( known as ‘tax havens’) appearing in the earlier Order in Council no. 150/2004 of 13
In the wake of the financial crisis of 2007-2008, the Portuguese Government introduced a corporate tax of 50 percent over expenses on bonuses paid by credit and financial institutions and of 35 percent regarding bonuses paid by
As a result of international trends and a proclaimed aim to spare time and costs, as well as to reduce the number of lawsuits currently “congesting” the Administrative and Tax Courts, the Portuguese legislator has
The taxation of tobacco products in Portugal has been subject to changes in three recent diplomas: (i) the 2010 State Budget Law (Law 3-B/2010); (ii) Ordinance 250-A/2010, and (iii) the new Excise Duties Code (Decree-Law 73/2010).
Following the legal authorisation included in the 2009 Budget Law, the Portuguese Government approved on September 23, 2009, the new tax regime for non habitual resident investors (alias nonordinary tax regime, alias foreign tax resident regime).