Tiago Marreiros Moreira talks to Diário Económico and Jornal de Negócios

The Government's resolution on the tax scheme applicable to dividends presented by the Secretary of State for Tax, Paulo Núncio, has helped to clarify issues regarding effective taxation over profits distribution in holding companies, say Diário Económico and Jornal de Negócios newspapers in their 9 and 3 November editions, respectively.

This resolution "will prevent future litigation and groups of companies from moving their tax residence abroad", says tax specialist Tiago Marreiros Moreira, who is partner at Vieira de Almeida & Associados (VdA). VdA was the author of the written request for clarification addressed to the Secretary of State for Tax matters.

Jornal de Negócios also quotes VdA specialist in saying that these are "very good news". It is enough that "the income is subject to tax at any stage of the distribution chain" for the elimination of economic double taxation rule to apply.