On January 9th, Portugal’s Immigration and Borders Service (SEF) started issuing the new 'Permanent Residence Certificate of the European Union.'
This new card is identical to the national Citizen's Card in format, material and contents which contains the physical security data internationally recommended for this type of document.
Further to the notification that ‘Bank balances of €50k or more to be reported to the Tax Authority’ (January 11, 2019), HERE, questions have been raised and answered to clarify some of the implications of the new protocol agreed by Portugal’s government.
What information do banks have to send?
Financial institutions are obliged to report to the Treasury the amounts that a taxpayer has in a bank account or, if they have more than one account at the same bank, how much is in the various accounts that in their name.
Portugal's government finally has given the go-ahead to the creation of Real Estate Investment Trusts (REITs) in Portugal.
The decree-law was approved on Thursday, January 10th, by the Council of Ministers, so does not need to go through Parliament but will head directly to the President of the Republic, Marcelo Rebelo de Sousa, who is unlikely to knock it back.
Parliament today approved a law that obliges banks to tell the tax man which of their customers have a balance of €50,000 or more.
The legislation obliges banks to report this private information to the Tax and Customs Authority by July 31, relating to balances held at the previous year-end.
The challenge to Social Democrat leader, Rui Rio, (pictured), has been launched by Luís Montenegro who said today that he wants to be, “the opponent that António Costa has not had over the last year" and wants a clean start for the party instead of letting the current leader, carry on and fail.
Montenegro challenged Rui Rio to have the courage to call a party leadership election and not to, "take refuge behind formal, legal and administrative issues.”
Opposition party members in Castro Marim Council have slammed the decision by Mayor Francisco Amaral to force a Council by-election.
Social Democrat, Amaral, said on Tuesday that he is resigning in early February and will hold mid-term Council elections in April on the grounds that he can’t get anything done as Councillors from the Socialist Party and the independent Castro Marim First movement, block everything he tries to implement.
A 27-year-old Irish man, who fell 30 metres off a cliff face at Praia da Ingrina in Vila do Bispo, has been seriously injured.
The man was rescued and transported by helicopter to Faro Hospital on Thursday afternoon.
In another case where the innocent lose their lives - yet no one is to blame, the families of the 14 victims of the Vila Franca de Xira ‘Legionaires’ disease’ outbreak are highly unlikely ever to receive a cent in compensation.
The local court has decided to acquit ADP Fertilizantes SA. in a case brought by one survivor, Leonel Ferreira, who sought €200,000 in compensation for his subsequent incapacity.
