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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.
Algarve businesses can t bear another summer like 2020 By TPN/Lusa, in Algarve · 14-05-2021 01:00:00 · 0 Comments
Business owners in the Algarve can t bear another summer like that of 2020, with the pandemic seriously affecting almost 9 out of 10 companies.
According to a survey by the Algarve Region Trade and Services Association (ACRAL), of the members who responded to the survey with the theme Impact on the local economy: effects caused by Covid-19 , the majority (92 percent) have micro-businesses with less than 10 workers and 66.7 percent belong to commerce. If by chance, the summer of 2021 is the same or worse than the summer of 2020, the winter season could be extremely dramatic for the future of the sustainability of Algarve businesses, ACRAL president Paulo Alentejano warned, quoted in a state