To mitigate the economic impact of the Coronavirus (COVID-19) pandemic, certain extraordinary measures have been taken in the field of taxation. The aim of these measures is to ensure the cash flows of companies and to allow some flexibility in complying with tax obligations and in the payment of taxes by companies and individuals. The measures also recognise specific situations that amount to a justified impediment that makes it possible to postpone certain steps or extend certain procedural and administrative deadlines.
Some measures have already been adopted and some are currently being debated in the parliament. Others have been publicly announced but still need legal regulations. These are the highlights:
PLMJ has created a multidisciplinary team dedicated to analysing the legal and operational challenges that businesses are facing. Our team’s mission is work hand-in-hand with our clients to find the best solutions to mitigate the risks and to relieve some of the pressure they are under.
We have created a Coronavirus Hub to share practical information to help mitigate the risks for companies in Portugal.
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