{"id":3410,"date":"2016-11-04T15:15:10","date_gmt":"2016-11-04T15:15:10","guid":{"rendered":"https:\/\/mgra.pt\/en\/?p=3410"},"modified":"2020-10-06T10:56:43","modified_gmt":"2020-10-06T10:56:43","slug":"editorial_10_2016","status":"publish","type":"post","link":"https:\/\/e-legal-blawg.com\/en\/2016\/11\/04\/editorial_10_2016\/","title":{"rendered":"EDITORIAL &#8211; October 2016"},"content":{"rendered":"<div id=\"x-section-1\" class=\"x-section\" style=\"margin: 0px; padding: 45px 0px;  background-color: transparent;\" ><div id=\"\" class=\"x-container max width\" style=\"margin: 0px auto; padding: 0px; \" ><div  class=\"x-column x-sm x-1-1\" style=\"padding: 0px; \" ><div id=\"\" class=\"x-text\" style=\"\" ><p><strong>I.\u00a0\u00a0\u00a0 EDITORIAL \u2013 <\/strong><strong>MANDATORY AUTOMATIC EXCHANGE OF INFORMATION IN THE FIELD OF TAXATION<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>During the month of October, the transposition of the Directive n.\u00ba 2014\/107\/EU was \u00a0concluded through the <strong>Decree-law n. 64\/2016 of 11th October<\/strong>, which regulates the mandatory automatic exchange of information in the field of taxation.<\/p>\n<p>&nbsp;<\/p>\n<p>This new law also foresees the implementation of cooperation mechanisms in order to fight against tax evasion in Portugal and in the European Union, considering the established in the Foreign Account Tax Compliance Act.<\/p>\n<p>&nbsp;<\/p>\n<p>Also during the month of October, it was published the <strong>Decree-Law n.\u00ba 261\/2016, of 7<sup>th<\/sup> October<\/strong>, which proceeds to several modifications regarding the Social Security, namely the coefficients to retirement and invalidity pensions and the <strong>Decree-Law n.\u00ba 282\/2016, of 27<sup>th<\/sup> October<\/strong>, which establishes new mechanisms for the beneficiaries of unemployment allowance.<\/p>\n<p>&nbsp;<\/p>\n<p>Regarding the Jurisprudence in Portugal, we highlight one must also mention the <strong>Supreme Court Ruling n.\u00ba 14\/2016<\/strong>, <strong>of July 5<sup>th<\/sup><\/strong> and the <strong>Supreme Court Ruling, dated 13th of October, regarding the procedure n.\u00ba 430\/13.8TBPVZ.P1.S1<\/strong>.<\/p>\n<p>The <strong>Supreme Court Ruling of 13<sup>th<\/sup> of October<\/strong> establishes that all liabilities related to the Banco Esp\u00edrito Santo SA, that may arise from a swap agreement entered in 11\/01\/2010, are not transferable to the Novo Banco SA, in accordance with the decision of the Board of Directors of the <em>Banco de Portugal<\/em>, dated 03\/08\/2014 and 11\/08\/2014.<\/p>\n<p>&nbsp;<\/p>\n<p>Finally, considering the general news in Portugal during this month, we highlight the approval of a proposal of law to establish a National Police Unit to Fight against Cybercrime and the State Budget for 2017.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"line-height: 1.5;\"><\/p>\n<\/div><\/div><\/div><div id=\"\" class=\"x-container max width\" style=\"margin: 0px auto; 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