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Articles contributed by Abreu Advogados
REDUCTION OF THE TERM OF THE GUARANTEE TO BE GRANTED FOR VAT REFUND PURPOSES
Last June 5 was published Decree-Law No. 136-A/2009 that reduced the term of the guarantee that the taxpayers have to grant to the Tax Authorities when requesting VAT refunds, from one year to six months.
Micro-generation and tax benefits on renewable energies
On February 2, 2008, decree-law no 363/2007 came into force and the production of energy in Portugal entered a new era. The principle behind the new law is to save energy, reduce costs and protect the environment. Indeed, consumers are now allowed to produce electricity themselves through small power plants, ie not exceeding 5.75 kW, and sell the surplus to the public network with a limit of 150 kW.
Brussels: Part of the problem or part of the cure
Iberian lawyers in Brussels question the willingness of the European Commissions to be flexible in the face of the continuing financial crisis.
Working against time (Quotes by Luís Gouveia Fernandes)
Iberia is facing an increase in company restructuring and bankruptcies as a result of the pressure generated by the global financial crisis and a sharp downturn in some areas of the economy. A situation, say lawyers, that is testing the new insolvency regimes of both Spain and Portugal.
Portugal´s proposed waste exchange market
Waste as a misplaced resource, is becoming definitely the motto of waste management in portugal.
“Clean Employees – Portuguese Perspective”
The hiring of “Clean Employees” has been a difficult issue for employers over the years, given the restrictions and limits imposed by Portuguese labour legislation, within the scope of personality rights versus legal dismissal criteria. (read more)
Effects of modernisation of Rules to incorporate and operate Portuguese Companies
Portugal has take advantage of modern technologies to simplify and reduce the costs with incorporation and operation of Portuguese companies. This is part of the “Simplex” program set in motion by the Portuguese Government to eliminate actions and practices that created hurdles to the ordinary course of business management. In addition, several formalities and procedures which delayed the operation of the affairs of companies were eliminated, namely: (i) the requirement of a public deed to incorporate or liquidate the company, for capital increase and reduction or for assignment, merger of split of quota (in Lda. Type of companies); and (ii) the burden to provide the same information to different governmental agencies. This article will focus on the more relevant aspects affecting the Portuguese companies’ life, regarding its incorporation and operation.
