TGV to create 100,000 jobs
PORTUGAL’s HIGH-speed rail project, linking Lisbon to Porto and Madrid, should create 100,000 jobs over two years. The numbers were revealed by the Ministry of Public Works, Transport and Communications
The EUSTD – the devil in the detail
THE EUROPEAN Union Savings Tax Directive (STD) came into force on July 1, 2005. There were 14 years of negotiations between Member States prior to its signing, along with plenty
Delivering the letter to Garcia
THERE ARE several wars in this world of ours. For example, between men and women who are destined to misunderstand each other, since they want different things. Another war is
Understanding income tax for expatriates
ONCE YOU have retired to Portugal and/or live there for 183 days during any Portuguese tax year (the calendar year), you become a Portuguese tax resident and liable to pay
Death and taxes
SUCCESSION TAX was abolished by the Portuguese legislator and replaced by Stamp Duty with effect from January 2004. However, this does not mean that the beneficiaries of an estate do
Ride out the highs and lows of investing
IN THE past, you may have held a selection of investments such as equities, bonds and saving deposit accounts. Perhaps you held some from each category at the same time,
Exchange rates that defy gravity
WHAT GOES up must come down, said Sir Isaac Newton and, to be fair, he was mostly right. Think of tennis balls and frisbees and you will be proven right
Individual tax payments in advance and retentions
Employees, independent workers and rentals EACH INDIVIDUAL with an income will have to pay individual tax (IRS). However, in order to calculate the individual tax that is owed, a complex
Markets and currencies – a review of 2005
UK For the first time in the last five years, shares outperformed house prices by a substantial margin. According to an article in the Daily Mail, UK house prices rose
Tax tales from across the world
International group calls for more efficient exchange of information Financial intelligence officials from 47 countries have gathered in Bulgaria to discuss how improvements could be made to systems for uncovering