Portugal Steps Up Fight Against Tax Evasion

Portugal’s Ministry of Finance announced on January 29, 2015, that the Government has approved a three-year plan to combat tax evasion. The 2015-2017 plan includes a list of 40 priority measures to combat tax fraud and evasion and clamp down on the grey economy. A key measure is the introduction of an electronic invoicing system, which is designed to make it easier for taxpayers to comply with their tax obligations, the Finance Ministry said. The 2012-2014 strategic plan to combat tax evasion delivered positive results, according to the Ministry, supporting a 6.2 percent increase in tax revenues between January and November, 2014.

Portugal’s Ministry of Finance announced on January 29, 2015, that the Government has approved a three-year plan to combat tax evasion. The 2015-2017 plan includes a list of 40 priority measures to combat tax fraud and evasion and clamp down on the grey economy. A key measure is the introduction of an electronic invoicing system, which is designed to make it easier for taxpayers to comply with their tax obligations, the Finance Ministry said. The 2012-2014 strategic plan to combat tax evasion delivered positive results, according to the Ministry, supporting a 6.2 percent increase in tax revenues between January and November, 2014.