Based Activities Report, the Ministry of Finance and Public Administration
Last June was issued Developed Annual Report of the Ministry of Finance and Public Administration on fighting fraud and tax evasion in 2009
Definition coefficient
Article 24 of Law No. 6/2006 of 27 February, which approves the New Urban Lease Regime (NRAU), assigns to the National Statistics Institute the calculation of the annual adjustment factor income of the various types of rental, which must the notice to be published in the Official Gazette by 30 October. Accordingly, was published on the 17th September in the DR 182 – 2nd Series, the Notice No. 18370/2010 – coefficient update of the various types of lease, with the definition of a coefficient, effective in calendar year 2011 of 1.003.
21st amendment to the General Tax Law – Banking secrecy
Was published in the DR No. 171, 1st Series, Law No. 37/2010 of 2/9, – derogation of bank secrecy (21st amendment to the General Tax Law, approved by Decree-Law No. 398 / 98 of 17 December and 2nd amendment to Decree-Law no 62/2005 of 11 March).
Binding Information
The new wording of paragraph 1 of article 52 of the CIRC, introduced by Article 87 of the State Budget Law for 2010, has reduced from six to four years the period during which the tax losses in given year can be deducted from taxable income in future years. In respect of tax losses incurred by taxpayers in periods prior to 2010, although it will take effect already in the enactment of the new law, they can still be deducted from taxable income up to the sixth year later, since that injury It took place under the validity of the old law, and this is the relevant fact to determine the temporally applicable standard. The four-year period now allowed as a deduction from the tax losses to taxable income will only be applied to originate losses in the exercise of its entry into force and in the following, ie from 2010, inclusive (Attached to that binding information)
Devaluation of the currency to be applied to disposed assets and rights for 2010
It was recently published in the Official Gazette No 163, 1st Series, Ordinance No. 785/2010, which updates the depreciation currency devaluation coefficients to be applied to the coin sold assets and rights during the year 2010, for the purposes of determining the basis of assessment on the income of natural and legal persons.
Change to the IVA Code, approved by Decree-Law No. 394-B / 84 of 26 December.
Law No. 22/2010, of 23/8, published in Official Gazette No 163, 1st Series, extending the scope of the non-taxation for IVA transmissions books free of charge, changing the IVA Code, approved by Decree Law No. 394-B / 84 of 26 December.
Application of Accounting Standards System
Was recently published in the Official Gazette No 163, 1st Series Law No. 20/2010, of 23/8, which extends the concept of small entities for the application of the Accounting Standardisation System (CNS) – First amendment to Decree-Law No 158/2009 of 13 July.
Mandatory communications, including semiannual for entities with real estate activities referred to in Artº 34, from July 01, 2010, and in accordance with Clauses 3 and 10 of Regulation No 79/2010 5/2 – DR, 2nd series , No. 25, “must be authenticated electronically through use of a digital certificate
Cost or revaluation value
It was published in the Official Gazette No 130 – I Serie Ordinance No. 467/2010 of July 7 that defines the cost of acquisition or revaluation value of private motor vehicles or mixed
Law 12-A / 2010 of 30/6
Was approved by the National Assembly Law No. 12-A / 2010 of 30/6, there are times published in Journal Supplement of the Republic No. 125 – I Serie, to amend the following IVA rates: Continent: – Low rate 5% to 6%; Mid rate ?? 12% to 13%; Normal rate ?? 20% to 21%. Autonomous regions: – Rate Mid 8% to 9%; Normal rate ?? 14% to 15%. The same law also shall amend the IRS withholding at source for the following categories: Category B, in accordance with paragraph 1 and 2 of Article No. 3 ?? 10% to 11.5%; Category B, in accordance with Article No. 151 20% to 21.5%; Categories E and F ?? 15% to 16.5%. Changes in rates should be made from the 1st of July 2010.