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    Blog Posts (16)
    • CIT (Corporate Income Tax) - Taxable profit quantification

      Updated: Dec 28 Portuguese Tax Series - Basic information on the Portuguese tax system General rule – accounting results as a starting point As a general rule the Portuguese Corporate Income Tax (CIT) system follows the accounting rules for the quantification of the taxable profit, with some tax specific adjustments. Thus, such quantification is based on the actual accounting profit or loss with the mandatory tax adjustments to be added (e.g. costs not accepted for tax purpose) or subtracted (e.g. non-taxable accounting results due to tax benefits and other deductions) in the annual CIT return. Optional simplified system – listed coefficients on turnover A simplified regime based on turnover is optional for companies (among other requirements) with an annual gross income of less than EUR 200,000 and a balance sheet total of less than EUR 500,000 in the previous year. In such case and for pragmatic reasons, the main principle of taxation in accordance with the ability to pay, measured by the actual increase of the net worth, is replaced by the taxation of a deemed profit based on the taxpayer’s turnover multiplied by a given coefficient. Such coefficients vary in accordance with the activity performed and are as follows: 4% - sales of goods and products; 35% - hospitality sector; 75% - professional activities as per PIT list of activities (Article 151 of the PIT Code); 10% - remaining services and subsidies to current operations; 30% - non-operating subsidies (mainly capex); 95% - net capital gains or losses, certain other net equity increase, as well as rental and other capital income; 100% - net equity increase arising from acquisitions for no consideration. Companies need to specifically opt for the simplified regime, this option is valid of 3 years and such tax payers are exempt from special on account payments as well as certain additional charges (autonomous taxation on expenses). See also: https://pt.jaimecarvalhoesteves.com/post/cit-corporate-income-tax-tax-rates-and-double-taxation-relief December 2020 In collaboration with Duarte Roncon and João Pereira de Sousa (ISEG)

    • Grow Your Blog Community

      With Wix Blog, you’re not only sharing your voice with the world, you can also grow an active online community. That’s why the Wix blog comes with a built-in members area - so that readers can easily sign easily up to become members of your blog. What can members do? Members can follow each other, write and reply to comments and receive blog notifications. Each member gets their own personal profile page that they can customize. Tip: You can make any member of your blog a writer so they can write posts for your blog. Adding multiple writers is a great way to grow your content and keep it fresh and diversified. Here’s how to do it: Head to your Member’s Page Search for the member you want to make a writer Click on the member’s profile Click the 3 dot icon ( ⠇) on the Follow button Select Set as Writer

    • Now You Can Blog from Everywhere!

      We’ve made it quick and convenient for you to manage your blog from anywhere. In this blog post we’ll share the ways you can post to your Wix Blog. Blogging from Your Wix Blog Dashboard On the dashboard, you have everything you need to manage your blog in one place. You can create new posts, set categories and more. To head to your Dashboard, open the Wix Editor and click on Blog > Posts. Blogging from Your Published Site Did you know that you can blog right from your published website? After you publish your site, go to your website’s URL and login with your Wix account. There you can write and edit posts, manage comments, pin posts and more! Just click on the 3 dot icon ( ⠇) to see all the things you can do. #bloggingtips #WixBlog

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    • Jaime Carvalho Esteves | Tax Law | Portugal

      Jaime Carvalho Esteves FROM STRATEGY TO IMPLEMENTATION Contact Me Awards & Recognitions Other Awards and Nominations Other Awards and Nominations Other Awards and Nominations Other Awards and Nominations Tax Controversy Leaders, World Tax, Highly Regarded, 2020 - 2021, Portugal - International Tax Review ​ Tax Controversy Leaders, Portugal - International Tax Review - 2020 ​ ​ WWL, Consulting Experts, Financial Advisory and Valuation, Corporate Tax Expert -Who's Who Legal - 2019 ​ WWL, Corporate Tax, Experts - Who's Who Legal – 2019 WWL, Consulting Experts, Corporate Tax Expert - Who's Who Legal - 2018 Tax Controversy Leaders, 8th edition, Portugal - International Tax Review – 2018 ​ Annual Advisors 2018 - Worldwide financial advisor awards magazine – 2018 Tax Controversy Leaders, 7th edition, Portugal - International Tax Review – 2017 WWL, Corporate Tax 2016, Expert Witness, Who's Who Legal – 2016 WWL, Consulting Experts 2016, Transactional services - Due Diligence Accountants - Who's Who Legal - 2016 Tax Controversy Leaders, 6th edition, Portugal - International Tax Review - 2016 Tax Controversy Leaders, 5th edition, Portugal - International Tax Review – 2015 Tax Controversy Leaders, 4th edition, Portugal - International Tax Review – 2014 Tax Controversy Leaders, 3rd edition, Portugal - International Tax Review – 2013 Who's who of professionals - Who's Who – 2011 ​ ​ Lead teams who received the following awards and nominations: ​ African Tax Firm of the Year - Winner Team - International Tax Review – 2019 ​ Transfer Pricing Firm of the Year (Portugal) – Winner Team - International Tax Review – 2019 ​ Transfer Pricing Firm of the Year (Portugal) - Short listed team - International Tax Review 2012 – 2018 ​ Transfer Pricing Firm of the Year (Portugal) – Winner Team - International Tax Review - 2007 - 2011

    • Contact | Jaime Carvalho Esteves

      Contact Me Do not hesitate to get in touch. If you need any help or tax advice I am available to answer all the questions you might have. You may simply: Send an email to jce@jaimecarvalhoesteves.com ; Give me a call at (+351) 917 612 372 ; Submit a message down below.

    • Awards | Jaime Carvalho Esteves

      Go Back Awards and Nominations Tax Controversy Leaders, World Tax, Highly Regarded, 2020 - 2021, Portugal - International Tax Review ​ Tax Controversy Leaders, Portugal - International Tax Review - 2020 ​ ​ WWL, Consulting Experts, Financial Advisory and Valuation, Corporate Tax Expert -Who's Who Legal - 2019 ​ WWL, Corporate Tax, Experts - Who's Who Legal – 2019 WWL, Consulting Experts, Corporate Tax Expert - Who's Who Legal - 2018 Tax Controversy Leaders, 8th edition, Portugal - International Tax Review – 2018 ​ Annual Advisors 2018 - Worldwide financial advisor awards magazine – 2018 Tax Controversy Leaders, 7th edition, Portugal - International Tax Review – 2017 WWL, Corporate Tax 2016, Expert Witness, Who's Who Legal – 2016 WWL, Consulting Experts 2016, Transactional services - Due Diligence Accountants - Who's Who Legal - 2016 Tax Controversy Leaders, 6th edition, Portugal - International Tax Review - 2016 Tax Controversy Leaders, 5th edition, Portugal - International Tax Review – 2015 Tax Controversy Leaders, 4th edition, Portugal - International Tax Review – 2014 Tax Controversy Leaders, 3rd edition, Portugal - International Tax Review – 2013 Who's who of professionals - Who's Who – 2011 ​ ​ Lead teams who received the following awards and nominations: ​ African Tax Firm of the Year - Winner Team - International Tax Review – 2019 ​ Transfer Pricing Firm of the Year (Portugal) – Winner Team - International Tax Review – 2019 ​ Transfer Pricing Firm of the Year (Portugal) - Short listed team - International Tax Review 2012 – 2018 ​ Transfer Pricing Firm of the Year (Portugal) – Winner Team - International Tax Review - 2007 - 2011

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Contact Me

Email: jce@jaimecarvalhoesteves.com

Phone:  (+351) 917 612 372

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