To settle objectively the deduction of VAT contributions on vehicles "affected by business activity", the legislator considered as a valid percentage a lump sum of 50% deduction. But left the door open to a possible deduction higher or lower.

According to Henley Passport Index, the Portuguese passport is the fifth most valuable in the world, in a list with 199 countries, along with passports from United States of America, United Kingdom, Norway, Austria, Luxembourg and Netherlands.

While several prominent retailers have turned to bankruptcy and store closures, research demonstrates that this doomsday hype is somewhat overblown. So why the prevailing narrative?

Nowadays everything is more advanced and the connection between people, services or entities is becoming easier, faster and stronger.

As competition between brick-and-mortar stores and online shopping continues, retailers with physical stores are using cutting edge technologies to offer unique shopping experiences and added service to consumers. 

In the past 12 months, house prices in Lisbon grew 20,4% and the growth is not expected to slow down by the end of this year. Quite the opposite. 

Many pilots moved to Italy with their family or started to work for foreign airlines established abroad. One of the most important questions they put is “where do I have to pay my taxes?”

In the last years, Italy has become interesting also for tax purposes. Some retired people decide to move to Italy to spend the last years also because our inheritance tax legislation is appreciable and others take advantage of some special tax legislation provided for resident workers who move from abroad.

The retail industry closely guards customer and distribution lists. In many cases, these valuable assets are not protected by patent, trademark or copyright law. 

The Italian Government reviewed the rules on TP and provided that in cases of a TP adjustment made abroad by a foreign country, the Italian company involved in the audited transactions can ask to the Italian Tax Authorities to reduce its taxable income.

The Budget Law 2018 established that, starting from 1 January 2019, for the sale of goods and services rendered between residents, established or identified in Italy (and for the relative variations), only e-invoices are issued.

Everybody loves Portugal. Or so it seems. We have to go back in time to the golden Era of Discoveries (in which we owned half the world) to find a time when there are so many people in the world talking about Portugal...

Recent trends suggest that consumers and retailers alike are not prepared to give up on brick and mortar stores, but that they are looking for more creative alternatives to the traditional arrangement.