Michaela Merz

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China – reduction of the VAT rate as from 1 of May 2018

The following was announced by Premier Li, during State Council meeting yesterday, Mar 28.:

Reduction in VAT rate – Manufacturing, etc. VAT rate reduce from 17% to 16%.  Transportation, construction, basis telecom, etc, VAT rate reduce from 11% to 10%. Continue reading

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Fighting the tax fraud – Portugal/Spain – Exchange of tax information/Portugal/Espanha – Troca de informação fiscal

On 21 October 2013, Portugal and Spain signed agreements regarding the strengthening of mutual assistance and automatic exchange of information on tax matters. These aim at fighting tax fraud and evasion and the parallel economy. The signed agreements refer to several potential fraudulent situations, including: Continue reading

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Portugal – new administrative obligation for transportation of goods as from 1 of July 2013

All goods transported within the Portuguese territory to taxpayers must be accompanied by transport documents issued in accordance with the Portuguese legislation. As from the 1 of July 2013 there is a new obligation to submit the information of the transport documents to the Tax Authority prior to the beginning of the transport. Continue reading