As the global landscape for cryptocurrency continues to evolve, countries worldwide are defining their stances on digital assets. Indonesia, with its rapidly growing economy and technological advancements, has been no exception. The regulation of cryptocurrencies in country has become a focal point for both local and international investors. This article delves into the specifics of…
Commonly, legal opinion is what we consider as an experienced lawyer’s advice. It is presented in the form of a document prepared by a client’s requirement. The article will provide you with all interested details regarding the provision of legal consultation. Legal opinion: Why do we need it? Banks frequently demand LOs from risky businesses…
1. Sorts of Commercial Units, Their Homestead and General Charge issues This country offers diverse business units with distinct lawful divisions, including the SA requiring EUR 30,000 minimum capital and the SARL with EUR 12,000, managed by boards of directors. The SARL limits subsidiaries to one hundred and could not trade publicly, while the SCA…
1. Trade License Acquiring a pervasive trade licence is a pivotal step for most commercial functioning in Switzerland. This licence is mandatory that assures your commercial functioning bonds to indigenous market rules and protocols. Here’s what you should know: Submission routine: You can apply for a commercial licence to the local canton’s market branch. This…
This is a new investment opportunity – SPI license in UK for sale. Please check out the main details regarding this proposal below. SPI license in UK for sale: key considerations Small Payment Institution (SPI) in UK for sale; Company was licensed by FCA in 2018; Allowed activities (money remittance, foreign exchange); Company has 3…
Seize the opportunity to effortlessly establish your business in the UK with our ready-made company, complete with premium bank accounts at Barclays and HSBC. Key features Company for Sale in UK with Barclays & HSBC Accounts Company Details: – Incorporated: 2024 – Registered Address: England – Company Type: Private Limited Company – Nature of Business…
Are you ready to establish your business presence in the UK effortlessly? Discover our exclusive offer—a ready-made company with immediate access to Natwest, Revolut, and Wise bank accounts. Here’s what you need to know: Key features Company for Sale in UK with Established Bank Accounts – Company Details: Founded in 2024, work in non-specialised wholesale…
An active transportation company limited by shares (SA) in Switzerland is now available for sale. This company, was established in 2020 and operates in the passenger and cargo transportation sector with a focus on sea and rail transport. Key Features Transportation Company in Switzerland Corporate Structure Form: Company limited by shares (SA) Year of Registration:…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40Profits of resident companies earned in other countries are subject to corporate income tax. Profit refers to capital gains and profits earned by Portuguese subsidiaries and other firms acting as representatives of foreign businesses in Portugal.
The income tax rate is 21%. In addition, state and municipal surcharges are also charged plus to this rate. The first progressive rate is:
Profit in EUR Rate amount
The first one and a half million 0 %
Subsequent 6 million 3%
Rest 5%
Due to surcharges, the final rate can increase to 31.5%, however, only in cases where the company’s profit exceeds 7.5 million euros.
The annual tax period coincides with the calendar year. However, resident enterprises can make a request to the Ministry of Finance regarding other limits of the annual tax period in connection with one or another economic reason.
Income tax must be declared and paid within five months after the annual tax period has ended. Prepayment is made in 7, 9 and 12 months of this period, based on the total tax amount that was calculated for the previous year.
For a tax period that begins on or after 01/01/2013, a restriction is imposed on the ability to deduct a percentage of the amount of taxable income. Based on this limit, the financing cost can be deducted up to the following limit:
3 million euros; or
30% of earned funds before depreciation, interest and taxes (EBITDA) – but a transition period can be applied, respectively, this limit will be 70% for 2013, 60% for 2014, 50% for 2015, 40% for 2016 and 30% for 2017.
Portugal does not impose a capital increase tax. Anything assigned to capital gains must be included in taxable profits for corporate tax purposes. Half of the gains derived from transfers of tangible main and financial funds held for at least a year can be deducted from general taxation. This applies to cases where the total amount of funds that have been transferred is reinvested over a designated period.
The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.