25Feb

Tax authorities will control (even more) as money in the bank

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More accurate data facilitates control of the assets of the taxpayers and the detection of undeclared income. The Executive wants to give banking knowledge to finance more information relating to its customers. Currently, banks already offer data to the tax authorities, but this exchange of information should prove to be reformed. In addition to the […]
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24Feb

How do the accounts and basic banking services low cost?

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The main differences lie primarily in the conditions and the fees charged by banks. At a time when debate is the obligation of the bank to provide a free bank account for all Portuguese, know the differences between basic accounts and minimum banking services. the minimum banking services costs limited to 5.3 euros per year. […]
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22Feb

Centeno prohibits payment of salaries and allowances before 20th of each month

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Finance, Defence and Culture continue to receive earlier wages. Education, Higher Education and Agriculture remain the last on the list. The Ministry of Finance wants to fully control the Treasury cash outflows for payment of salaries and subsidies in all ministries and other services, decreeing that they are “forbidden” to make such payments before the […]
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18Feb

Tax authorities creates new site to make deductible amounts in IRS

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Portal of Finance will have a page which contains the final amounts deductible in the tax return this year and they can not be changed manually. Finance created a new page on the Portal of Finance, available until March 15, to which taxpayers can access to check the calculated final amount of the deductions in […]
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01Feb

Do not forget: NIB ends today, except in Cash

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The IBAN is starting today the unique identifier of bank accounts, replacing the NIB, but the transfers ordered in ATM network boxes will continue to be made based on NIB. The IBAN – International Bank Account Number (‘International Bank Account Number’) adds to the NIB – Bank Identification Number country code (PT) and two digits […]
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29Jan

VAT in Portugal is one of the highest in the EU

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Portugal has the highest VAT rates in the EU. What explains it is from that weighsmore in our overall tax burden. Portugal is the eighth European Union country where the VAT weighs more in total tax burden. The revenue from this tax is equivalent to 8.5% of gross domestic product. Eurostat data released on Friday showed, however, that the tax burden reached here by a maximum […]
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21Jan

Credit retreats but bad debt grows in large companies

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Overdue loans in small and medium-sized enterprises recedes 0.3 p. P. compared to October, standing at 18.5% in late November The credit extended by the financial sector in Portugal decreased in November, show figures now published by the Bank of Portugal (BoP). According to the supervisor, corporate borrowing fell 2.2% compared to November 2014 and […]
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05Jan

Gas. New rules take effect

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The new law requires sellers of bottled gas to give back money which is at the bottom of the bottle, and mandatory acceptance bottles of any brand, has entered into force. These new rules will allow savings of 72 euros per year who consume a bottle of gas per month. Operators and revenderes disagree with […]
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04Jan

Foreclosures affect wages and deposits

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About 41% days liens for tax debts held between January and the end of November focused on wages and bank accounts yesterday advanced the Journal News. In those 11 months, this type of property of debtors accounted for 153,000 foreclosures. Since the tax credits were called in 26% of the total of 367,000 foreclosures held. […]
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31Dec

Deco worried about spending calls for moderate consumption

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SIBS data submit that household spending increased this Christmas, compared to 2014 Deco appealed Wednesday to the Portuguese who favor saving and responsible consumption, expressing concern about household spending this Christmas, that may have been boosted by the incorrect idea of ​​the end of the crisis. Data SIBS, manager of the ATM network, revealed that […]
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