The Portuguese Budget Law for 2010 was approved by the Portuguese parliament on March 15 2010. Although the final text of the law is not yet available, the proposals initially included in the Budget Bill proposal were accepted together with relevant final amendments. These last minute inclusions cover the reduction of the loss carry forward period from 6 years to 4 years, amendments to the property tax exemption available for certain real estate investment funds, and adjustments to tax amnesty for undeclared funds held abroad.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
Hany Elnaggar examines how Gulf Cooperation Council countries are internalising transfer pricing norms within evolving fiscal systems shaped by both Islamic and international influences
Where a TP study of comparables produces an arm’s-length range, and the taxpayer’s filed position is outside that range, HMRC will adjust to the median by default
Despite legislative gridlock, international investors should be wary of legal precedents set by recent court rulings, which could substantially alter the Spanish tax environment
ITR understands that UK Chancellor Rachel Reeves will announce a consultation on the proposed financial reward scheme, which had left advisers fretting