The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Portugal increased by 0.5 percentage points from 35.3% in 2020 to 35.8% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.
Since the OECD Anti-Bribery Convention entered into force over 20 years ago, Portugal has not had a single foreign bribery conviction. Detection remains low and Portuguese authorities prematurely closed foreign bribery cases without investigating relevant allegations thoroughly and proactively, with the number of cases terminated having increased significantly compared to Phase 3.
These country profiles focus on countries' domestic legislation regarding key transfer pricing principles, including the arm's length principle, transfer pricing methods, comparability analysis, intangible property, intra-group services, cost contribution agreements, transfer pricing documentation, administrative approaches to avoiding and resolving disputes, safe harbours and other implementation measures.
Portugal’s economy is recovering from the COVID-19 crisis, thanks to swift and effective policy action and a successful vaccine rollout. As the recovery progresses, it is important to pursue investment and structural reforms that will raise living standards, strengthen public finances and put growth on a strong, sustainable and resilient path, according to a new OECD report.
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Portugal has one of the highest levels of alcohol consumption – 12 litres of pure alcohol per capita per year, roughly equivalent to 2.5 bottles of wine or 4.6 litres of beer per week per person aged 15 and over. In addition, in Portugal, some population groups are at higher risk than others.
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This report on Strengthening Quality Assurance in Adult Education and Training in Portugal identifies recommendations and develops detailed implementation guidance in two core dimensions of quality assurance: i) recognition and certification of adult education and training providers; and ii) monitoring of adult education and training providers and adults’ learning outcomes.