Portugal 2022 Budget Tax Administration Measures

As previously reported, the draft law for Portugal's 2022 Budget was submitted in parliament on 11 October 2020. Further to the measures reported, important tax administration measures include:

• The repeal of the special payment-on-account regime (pagamento especial por conta), which is currently calculated as 1% of the previous year's turnover (minimum EUR 850 and maximum EUR 70,000);
• The introduction of restrictions on the deduction of expenses incurred with entities that have not submitted…