Newsletter #4

[01/31/2024]

Dear Customers and Friends, 

We draw attention to the following topics, which documentation can be read in the respective attachements below. 

We appreciate all the feedback and messages you have sent to us. 

If you have any questions or need more information, do not hesitate to get in touch. With our best regards, 

#1 - Fiscal Transparency - Real Estate Agency 

Binding information, Process no. 2019 002222 

Legal-tax framework to be conferred on a company, in relation to the tax transparency regime provided for in article 6 of the IRC Code. 

#2 - Fiscal Transparency - Simple asset management companies - Requirements 

Binding information, Process no. 2020 004122 

The binding information results in the framework/requirements for: 

1) Fiscal Transparency; and, 

2) Companies for simple asset management; 

#3 - Fiscal Transparency - Simple asset management companies - Commercial Gallery 

Binding information, Process no. 2020 004124 

Possibility of a company being considered as a simple asset management company and, as such, being subject to the fiscal transparency regime, in the case of entering into lease contracts for stores in a shopping arcade, going beyond the mere leasing of properties owned for this. 

#4 - Change of assets useful lives - Transition from SNC to IFRS 

AT Binding Information No. 21623 

Tax effects resulting from equity variations (negative and/or positive) that may result from the change in the useful lives of tangible and intangible fixed assets, resulting from the transition from the Accounting Standardization System ("SNC") to the International Financial Reporting Standards ("IFRS"). 

#5 - Main IRC measures in force for the year 2024 (OE 2024) 

OCC Analysis - Law 82/2023, of December 29th (OE 2024) 

Some of the main IRC measures currently in force, included in the State Budget for 2024, are: 

1) Value of subsistence allowances - Increase in the value per kilometer for your own vehicle and daily subsistence allowances for national and international travel; 

2) Autonomous taxation - Reduction in the value of autonomous taxes and clarifications on charges related to vehicles powered exclusively by electrical energy; 

3) Reduced IRC (CIT) rate for start-ups - Rate reduction to 12.5% on the first 50,000 euros, if you meet certain requirements; 

4) Goodwill acquired in a concentration of business activities - Acceptance as tax expense on assets, which initial recognition occurs on or after January 1, 2024; 

5) Support for charges incurred in agricultural production - possibility of a 40% increase in expenses and losses incurred or incurred relating to some goods, when used within the scope of agricultural production activities.