Milk producers in Portugal are demanded urgent government intervention, asking for an increase of five cents per litre of milk and to stop the “agony” that.
Law firms in the Algarve are more than prepared to welcome those who want to start their lives in Portugal and this is the case of AG International in Almancil,.
UK residents have longer to appoint tax representative
The deadline for UK resident taxpayers to appoint a tax representative in Portugal has been postponed for one year, until 30 June 2022.
In an order dated 30 April, the Assistant Secretary of State for Tax Affairs, António Mendonça Mendes, revoked another order signed by himself just four months ago, which imposed the deadline until June 30, 2021.
The designation of a tax representative is mandatory for all holders of a Tax Identification Number (TIN) residing in countries outside the European Union (EU), which is effectively the case in the United Kingdom since January, after the post-Brexit transitional period.
“The worst is over” for Portugal
Valdis Dombrovskis has said that Portugal “can now hope that the worst is over” in relation to the economic recession generated by the pandemic.
After more than a year of economic suffering, Portugal can now hope that the worst is over”, said Executive Vice President of the European Commission, Valdis Dombrovskis, in a reaction to the Lusa News Agency regarding the European Commission’s spring economic forecasts.
“We expect Portuguese GDP to expand by 3.9 percent in 2021 and again by 5.1 percent in 2022, against the EU [European Union] projections of 4.2 percent and 4.4 percent, respectively”, said Valdis Dombrovskis in his statement to Lusa.