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Swedish parliament to revoke its double tax treaty with Portugal The proposal that the Government of Sweden sent to parliament to denounce the convention to avoid double taxation (CDT) with Portugal will be voted on 02 June. At the origin of this initiative is the fact that until now, Portugal has failed to ratify the protocol to the agreement signed by the two countries in May 2019. Under the tutelage of Magdalena Andersson, the Swedish government decided to present a bill to parliament proposing the termination of the double tax treaty, informing the Portuguese executive that it could be reversed if Portugal ratifies the protocol amending the treaty before parliament votes on the diploma. ....
IRS 2020 - Taxation of Income By Advertiser, in Business · 23-04-2021 01:00:00 · 0 Comments Nº 5: Rental Income - Long-term Rentals (Category F) Income is reported in different categories: A) Salaries, B) Sole Traders, E) Capital, F) Property, G) Capital Gains and H) Pensions and is taxable in Portugal regardless of its origin. For non-residents, only income actually arising in Portugal is subject to assessment. Long-term property lets (usually having a rental contract between landlord and tenant) are included in Category F and are reported on “Anexo F” in the filing period from April to June. This activity is different from Short-term Holiday Lets which are seen as a business called “Local Lodging” and reported on Annex B - Self-Employment Income. ....
Opening and Closing a Business Activity By Dennis Swing Greene, in Business · 12-02-2021 01:00:00 · 0 Comments Whether for profit or pleasure, the truth is that there are many people who choose to be sole traders as a way to make a living. More than one out of five Portuguese workers are self-employed, a percentage that places Portugal within the highest level of entrepreneurs in the EU. For a person to operate as a sole trader, there are some preliminary requirements that must be met with Tax Authority and Social Security Administration before starting up a business operation. Opening a business activity ....