The reform of the legal framework for state-owned property, driven by objectives of simplification, financial rigour and greater administrative efficiency, was enacted by Decree-Law 280/2007 of 7 August, which came into force last September. The significance of this instrument should not be underestimated, since state-owned property has a significant impact on all state finance and, […]
The Portuguese Government has, recently, approved a proposal to reduce the standard rate of the Value Added Tax (VAT) from 21% to 20%, with effects from July 1 onwards.
Over the last decade the Portuguese annual budget has often produced what can be referred to as periodic ‘tax-quakes’, making radical structural amendments to Portuguese tax legislation. After 10 years of tax budgets aimed at harmonising
In the last few years we have seen many changes in the Spanish tax regime, due to the need to adapt to increasing internationalisation and globalisation of business.
Ramón Palacín, José Luis Gonzalo, Florencia Gaido, Juan José Terraza and Carlos Gabarró, Ernst & Young Abogados – International Tax Services
