Europe de l'Ouest 2015

 

Mai 2015

 

The Individuals Income Tax Code suffered major alterations, in Portugal, with effect for Portuguese residents, from 1 January 2015. The new tax law was published on 31 December 2014, together with the new Budget for 2015 and alterations to the Corporate Tax Code. In consequence, trusts established by Portuguese residents are now to be taxed for the first time. Under the terms of the new law, any amounts distributed by trusts will be taxed as capital or as a gain.