Thursday, April 30, 2015
Two hours before beginning the strike, since after the Civil Aviation Pilots’ Union (SPAC) has reported that it would move forward with the protest and the Minister Pires de Lima has made a last appeal, still made a last attempt conciliation. The DN knows that a pre-agreement between the union and the administration of TAP came to be on the table at 22:00, with the agreement of the president and vice president, but the financial advisor to SPAC, Paulo Lino Rodrigues, He not allowed it to be signed. Contacted, the SPAC denied having torn the agreement to end a protest with which neither the UGT agrees. “This strike is a step into the abyss and the destruction of the company,” he said last night Carlos Silva, adding: “. UGT is always available to support union struggles but never to support that workers become shareholders in”
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The landlords will be able to continue to deliver the receipts of income on paper by 1 November, since the government postponed the obligation to issue electronic receipts, which entered into force in May.
Of information provided to Lusa, the source of the Ministry of Finance informs that, “notwithstanding the application is already operating, the Secretary of State for Fiscal Affairs, Paulo Nuncio, signed today [Thursday] an order extending until 1 November An electronic receipt issued obligation of income through the Portal of Finance, to allow time to adapt to the new features. “
This means that landlords who want to continue to issue paper receipts may do so without being subject to the payment of fines by 1 November, but who wants to go to issue these receipts over the Internet has also afford to do so.
The new rules on electronic receipts were created with the reform of the IRS, in force since January 2015, but only knew how they would be applied in a decree published in late April.
Speaking to the Lusa agency, the president of Lisbonense Owners Association, Menezes Leitão, said he was “very pleased” with the fact that the association’s concerns “have been met,” giving “one more time for people to be able to adapt.”
The association launched a specialized service to address the high number of questions related to the issuance of the electronic receipt.
The president of the National Association of Owners, Frias Antonio Marques, told PUBLIC considering the positive postponement, but clarified that maintains the intention of proceed with a request for unconstitutionality, which should be done by the Ombudsman.
The association considers that the electronic receipt discriminates against citizens, in particular because it imposes more stringent requirements for monthly incomes over 70 euros and discriminates citizens based on age.
The ordinance exempt from compulsory electronic issue only citizens over 65 years or rural leases, but there are owners under the age 65 years may be less familiar with electronic means.
The Civil Aviation Pilots’ Union (SPAC) today announced that it will keep the strike ten days already starts on Friday. The union says it is always possible an agreement to suspend the protests, but so far this has not been possible.
At a press conference held after a new meeting with the president of TAP, which took place on the afternoon of Thursday, Hélder Santinhos, the SPAC’s management reaffirmed that the protests are to maintain because “pilots and workers are tired of pay for mistakes that are not yours. “
The official accused the TAP and the Government of” radicalism “and assured that” the pilots made very significant concessions “during the negotiation process that lasted until the date of this afternoon with Fernando Pinto. “The administration is adamant in its position,” he said, adding that although “the strikes are never timely,” pilots “are here to assume their responsibilities.”
Hélder Santinhos said, however, that “there is always” the possibility of an agreement that results in the cancellation of this standstill. That was the expectation that existed when the PUBLIC reported that SPAC steering elements were meeting with the president of TAP to try to reach an agreement that caught the strike. But at least so far, has not been found a solution that allows it. Pilots claim the refund of seniority suspended since 2011 and a share between 10% and 20% stake in the company.
In response to the union’s decision, the Economy Minister made a statement again appeal to workers to attend the service. “I appeal to the pilots, men and women used to making decisions in delicate moments, work 1-10 de Maio” said Pires de Lima.
The governor justified the failure to answer more questions journalists with the “hope that the whole Portuguese society still holds until the last minute,” that the strike is called off. To the minister, further comment could jeopardize a possible “rethinking the drivers,” making clear that still exists within the Government, the expectation that the strike is canceled.
But even that the protests were canceled, the main damage is already sunk. Only for this Friday, the 1st day of a strike which is scheduled to May 10, there have been three thousand passengers decided to cancel the trips. The number could be much higher, since there are customers who already have given up the flights, but not yet confirmed this decision to TAP.
The airline estimated carry around 350,000 people these ten days. A substantial share of passengers is already lost and other important slice opted to transfer flights to alternative dates or ask vouchers with valid for one year, that is, even though not canceled tickets, will occupy the place of future reserves, which will always mean a loss for the TAP.
On Thursday, the airline published a notice on its website that lists the flights which will not accomplish if the strike continue. They are a total of 86 bonds that the company has not canceled on purpose, because on the one hand, still has the expectation that the pilots attend the service and, secondly, is to avoid the payment of refunds to customers.
The Civil Aviation Pilots’ Union (SPAC) today announced that it will keep the strike ten days already starts on Friday. The union says it is always possible an agreement to suspend the protests, but so far this has not been possible.
The pilots and the president of TAP gathered on the afternoon of Thursday to try to find a solution that avoids the strike which started ten days already scheduled for this Friday. PUBLIC know that the meeting takes place at the company’s headquarters, where the parties try to reach an agreement to allow the cancellation of the strike.
On the table is the set of proposals that the administration of TAP and Government had previously done the Union of Civil Aviation Pilots, claiming the return of seniority suspended since 2011 and a share between 10% and 20% stake in the company. However, the content of the proposal that was made to the pilots is still unknown, and the evolution that has been taking in recent days.
This meeting takes place a few hours a press conference called by the union to the 20h. In the notice sent to the editorial, the SPAC let on that the conference would not serve to cancel the strike, as reaffirmed the intention to continue with the protests. But the government has also scheduled a press conference for 20:30, to react to the announcement that will be made by the union.
However, it is unclear what outcome will be meeting in the afternoon of Thursday with Fernando Pinto. Neither the TAP or the government, not even the pilots want this strike, but it has been difficult to reach an understanding that can hang.
And even if this meeting would result in a lifting of the strike, the main damage is already sunk. Only for this Friday, the 1st day of a strike which is scheduled to May 10, there have been three thousand passengers decided to cancel the trips. The number could be much higher, since there are customers who already have given up the flights, but not yet confirmed this decision to TAP.
The airline estimated carry around 350,000 people in these ten days. A substantial share of passengers is already lost and other important slice opted to transfer flights to alternative dates or ask vouchers with valid for one year, that is, even though not canceled tickets, will occupy the place of future reserves, which will always mean a loss for the TAP.
On Friday, the airline published a notice on its website that lists the flights which will not accomplish if the strike continue. They are a total of 86 bonds that the company has not canceled on purpose, because on the one hand, still has the expectation that the pilots attend the service and, secondly, is to avoid the payment of refunds to customers.
“The only thing I would say, on the eve of the strike scheduled by the union, was an appeal to the pilots of TAP for them to stop looking at your navel , looked at the company and looked for the country, “said Minister of the Presidency, Luis Marques Guedes, in a press conference at the end of the Cabinet.
Earlier, the Minister of the Presidency and Parliamentary Affairs considered that already was “very said, by the Government, the part of others” on the ten-day strike called by union pilots of TAP.
“Even the opposition leader, who walked silenced for a long time on this, yesterday [Wednesday] decided to rule on this matter too,” said Marques Guedes.
The general secretary of the PS held on Wednesday that the strike in TAP is “another bad contribution” to the company’s situation: “I have to express concern about the situation, and disgust at not being possible until Now a solution be found to avoid the strike and avoid pursuing a privatization that under that is being made does not contribute to good success of TAP or the national economy “, said António Costa.
The pilots of TAP, which give a press conference this evening, called for a ten-day strike starting on Friday by disagreements with the protection, at a time when the company is in a process of privatization.
As for the total of the European Union, the European statistical office estimates that the unemployment rate corrected for seasonal variations in March was 9.8%, again the same amount as the previous month. In March 2014, the average unemployment rate of all the 28 Member States was 10.4%.
On Wednesday, the National Statistics Institute (INE) released data from unemployment to Portugal, having estimated that the unemployment rate was 13.5% in March, down 0.1 percentage points than in February and less 1 , 2 percentage points per year same period.
Having regard to the data released today in Brussels, compared to other Member States, Portugal in March had the fifth highest unemployment rate, behind Greece (25.7% with respect to January value), Spain (23%) , Croatia (18.2%) and Cyprus (16%).
Germany still had in March the lowest unemployment rate, 4.7%.
Face a year ago, the unemployment rate fell in 22 Member States being the most significant setbacks the Ireland (12% to 9.8%), Spain (from 25.1% to 23%) and Poland (9 6% to 7.7%). Among the five countries that increased unemployment, especially Croatia (17.3% to 18.2%), Finland (8.4% to 9.1%) and Italy (12.4% to 13% ). Already in Austria unemployment remained stable year on year.
Eurostat estimates that in March was 23.748 million jobless workers in the EU, of which 18.105 million are in the euro zone.
Already youth unemployment reached 4.804 million people under 25 years in 28 countries, of which 3.215 million in 19 of the single currency. This means a youth unemployment rate of 20.9% in the EU and 22.7% in the euro area, down from 22.8% to 24.2% in February, respectively.
In Portugal, in March, the unemployment rate among young people stood at 33.8%, up from 33.7% estimated for February.
Countries with more unemployment among young people are Greece (50.1% in January), Spain (50.1%), Croatia (45.5% in the first quarter) and Italy (43.1%), positioning itself well Portugal as the fifth country with young unemployed.
As for the rate of overall unemployment, Germany is also the Member State with less unemployed young people, reaching 7.2% of people under 25 years.
tags: % Cyprus, Croatia, Ireland, Italy, Poland,
The President admitted today that the strike ten days of the pilots of TAP could result the dismissal of workers, recalling similar situations in other European airlines.
“God grant that TAP does not happen what happened in other European Union countries, in which the airlines were forced to carry very significant redundancies and cutting back on routes. But the information that I have at this point, I begin to fear that something similar might happen in TAP, “said the Head of State, Aníbal Cavaco Silva.
The President was speaking to journalists at the end a visit to the Joint Command for Military Operations (CCOM), the General Staff of the organ of the Portuguese Armed Forces, in Oeiras
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Wednesday, April 29, 2015
Since operating income increased 7.8% to 532.1 million euros, driven by the growth of private health care activity (8.6%) and activity in the public health care sector (5.4 %).
“For the first time in the history of José de Mello Saúde consolidated operating income exceeded the barrier of 500 million euros, reflecting the growth of health care activity, both private and public” stressed in a statement Salvador de Mello, president of the José de Mello Saúde.
The costs grew 5.5% to 473.4 million euros, with operating profit (EBITDA) advanced 30.2% to 58 6 million euros.
“Notes to greater efficiency at the operational level in 2014, starting to obtain the benefits of the efforts of recent years, which allowed the José de Mello Saúde increased net income and also an improvement in EBITDA which was reflected in the margin grew 1.9 percentage points to 11%, “added Salvador de Mello.
In 2014, units of the José de Mello Saúde made about 1.8 million visits, an increase of 14% compared to 2013. There were also operated 78,000 patients, an increase of 8% over the previous year and was met in emergency more than 560,000 people, an increase of 7% compared to 2013.
More than seven thousand children born in the units, which represents an increase of 7% over the same period.
As a result of the exercise of call options on real estate Hospital CUF Infante Santo and CUF Hospital Findings and subsequent resale, via leasing, the other items of comprehensive income recorded an amount of EUR 13.5 million.
“With this real estate transaction the Comprehensive Income Consolidated reached 30 million euros in 2014, giving an additional contribution to the strengthening of the Group’s equity, “said the president.
The CAPEX (investment) consolidated the José de Mello Saúde was 80.7 million euros, divided between real estate investment (64.3 million) and investment in buildings and equipment (EUR 16.6 million).
The high value of the real estate investment resulted the property acquisition transaction, Hospital CUF Discoveries and Hospital CUF Infante Santo, cited above.
“Despite the high investment, the consolidated net debt increased by only 23.4 million euros compared to 2013 , standing at EUR 102 million, which was due to the positive generation of most Group units and additional debt contracting cash flows to cover the investments, “the José de Mello Saúde.
According to the company, “These results reinforce the growth project of José de Mello Saúde, which will proceed with the construction of a new hospital in Lisbon, an estimated investment of 100 million euros”.
In this project added “the expansion of Findings CUF Hospital, the release of CUF Hospital Viseu – which will be available at the beginning of the year 2016 – and the acquisition of Santarém Private Hospital,” said
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This means that the bank’s retail network was decreased by 7.8%, while the reduction of employees was 4.6% year on year.
Last March, BPI had a distribution network in Portugal total of 649 branches (where the entity included the 12 branches of the branch of Paris) and 5,967 employees.
On the other hand, the international activity, there was an increase in the number of workers from 2,461 to 2,552 (3.7%) and the number of branches also increased from 176 to 187 (6.3%).
On a consolidated basis, the distribution network decreased from 872 to 836 branches ( -4.1%) and the number of employees shrank from 8,715 to 8,519 (-2.2%)
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The José de Mello Saúde had profits of € 16.4 million last year, an increase of 30% compared to 2013. Operating income for the first time surpassed the barrier of 500 million euros, while EBITDA rose to 58 6 million euros.
The José de Mello Saúde closed 2014 with profits of 16.4 million euros, representing an increase of 30% compared to 2013.
Consolidated operating income increased 7% to 532.1 million euros, driven by the growth of private health care activity (+ 8.6%) as well as the public health care segment (+ 5.4%), according to a statement released on Wednesday by the company led by Salvador de Mello.
“For the first time in the history of José de Mello Saúde consolidated operating income exceeded the barrier of 500 million euros, “said the Chairman of the Group Management.
The EBITDA (earnings before amortization, depreciation, interest and taxes) was in 58.6 million euros, an increase of 30.2 % over the same period.
“Notes to greater efficiency at the operational level in 2014, starting to obtain the benefits of the efforts of recent years, which allowed the José de Mello Saúde increased net results and an improvement in EBITDA which was reflected in the margin grew 1.9 percentage points to 11%, “adds Salvador de Mello.
Last year CAPEX (capital expenditure) of José de Mello Saúde stood at 80.7 million euros, divided between real estate investment (64.3 million) and investment in buildings and equipment (EUR 16.6 million).
“The high value of real estate investing, real estate resulted from the acquisition transaction, Hospital CUF Discoveries and Hospital CUF Infante Santo,” explains the company and emphasizes that “despite the high investment, the consolidated net debt increased by only 23 4 million euros compared to 2013 “, standing now at 102 million euros.
Over the past year the group’s hospitals performed about 1.8 million queries, which translates an increase of 14% compared to 2013.
The José de Mello Health has announced plans to proceed with the construction of a new hospital in Lisbon, an estimated investment of 100 million euros. The new facility will be located in Alcântara, foreseeing opening to the public in 2018
In this project added the expansion of CUF Discoveries Hospital, the release of CUF Hospital Viseu -. Which will be available at the beginning of the year 2016 -. and the acquisition of Santarém Private Hospital
In September last year, the José de Mello also entered the race to buy the Holy Spirit Health, owner of Hospital da Luz, which ended up in the hands of Fidelity insurance.
“The consolidated net profit in the first quarter of 2015 stems from a negative contribution of domestic activity of 2.0 million and a positive contribution from international activity EUR 32.8 million, “he said in a statement the bank led by Fernando Ulrich.
The institution stressed that” in the same quarter 2014, the net loss of 104.8 million euros was very penalized for costs and non-recurring losses of 123.3 million euros recorded in domestic activity. “
relates to the losses 101.6 million euros realized on the sale of public debt of medium and long-term Portugal and Italy of 14 million interest costs of contingently convertible subordinated bonds and other negative extraordinary expenses of 7.7 million euros.
Net interest income progressed almost 38% to 154.2 million euros, commissions and other income to rise 3.1% to 73.9 million euros.
Note to the result recorded in the profit balance and losses from financial operations, which amounted to 47.6 million euros, while in the same quarter last year was negative at EUR 91.7 million.
So, the operating income amounted to 280.2 million euros, almost triple compared to the 94.8 million euros earned in the first quarter of 2014.
The profit of Portucel rose 2.3% to EUR 41.8 million in the first quarter of 2015 compared to the same period last year, announced this Wednesday the group led by Diogo da Silveira.
In a statement filed with the Securities Market Commission (CMVM), the Portucel Group reveals that turnover grew 6.4% to 388.8 million euros for and states that the first three months of this year were marked “by the positive context of paper pulp prices, as well as by strong movements in exchange rates, notably the appreciation of the dollar against the euro. “
The paper mill also notes that the turnover figure includes 14.5 million Sales euros for the AMS, t company issue [paper intended for handkerchiefs and napkins, for example] recently acquired by Portucel, which is now included in the results presented by the group.
Once you have reached “record levels of sales” in the last quarter 2014, the operating performance of the uncoated area of printing and writing paper (UWF) was more moderate in the first months of the year by registering a drop of 4.6% in apparent consumption in Europe.
As such, the group fell by 1.8% in sales volume, “a reduction, however, was more than offset by developments favorable average selling price of the group at that paper sales in value in the period grew by 1.5%, “advances the company.
The group explains that this” favorable evolution in the average price was supported by the strong appreciation of the dollar against the euro and by changing the ‘mix’ geographical sales, increasing the level of exports outside Europe. “
The rise in pulp prices led to an increase 12.7% in the value of sales, despite a decrease of about 5% in sales volume, mainly due to lower availability of market pulp, following the scheduled maintenance stoppages in the manufacturing of complex Group.
EBITDA (gross profit) Consolidated increased 4.4% to 81.4 million euros, including two million euros to the AMS, and the margin of EBITDA / Sales was 20.9%.
The Cash Flow exploration totaled EUR 69 million, 3.1% more than in the same quarter and the operating results have evolved in line with EBITDA growing 4.4% and situando- in 54.2 million euros. There was also an increase in costs of around EUR 2.8 million people, reflecting the rejuvenation program started in the second half of 2014 and which is currently in force in the group.
“This decision is a defeat for the BPI itself, unfortunately,” said the chairman of the board of directors Santoro Finance, Mario Silva, speaking to reporters at the end of the general meeting of the Portuguese bank, which now held in Porto.
At the meeting, the BPI shareholders decided to suspend for June 17 to vote on amendments to the statutes of the bank, to discuss the end of the vote threshold, so that this happens when you’re already registered the tender offer (OPA) launched by CaixaBank.
In general meeting today, with 80.52% of the capital of this bank, it was approved by 54.7% of the vote suspend until 17 June to vote on item seven on the agenda, which provided the vote of the end shield of the voting rights to 20%.
At issue is a decisive statutory amendment to the success of the takeover bid – launched in February by CaixaBank on all of BPI’s capital, to 1,329 euros per share – this change that Santoro, Isabel dos Santos, intended to vote and derail already in assembly -General today.
This is because the Angolan businesswoman has made clear its opposition to the offer of the Catalans, having advanced as alternative proposed merger between BPI and BCP to create the largest Portuguese financial institution.
According to today claimed Mário Silva, “keep the offer in the terms in which it is announced is to maintain limited BPI’s management in its management powers” and, “with the challenges the sector is facing, it is not the institution’s interest delay in this very situation. ”
Ensuring that Santoro wait “patiently” for the vote of 17 June, the representative of Isabel dos Santos reiterated the Angolan opposition to deshielded statutes “in current terms,” the OPA.
. “The OPA has several constraints Price is one of them, but there are others, such as deshielded the statutes,” he said, adding:. “Two months ago said that in today’s terms, Caixabank would not succeed Or retired [supply] or was reviewing the conditions. We maintain this position fully, not changed at all. ”
For the entrepreneur, the fact that the vote on the postponement of the proposed deshielded having party’s own chairman of BPI, Artur Santos Silva, is “symptomatic”.
“[Silva Santos] defend a certain vision of stability for the institution and we also advocate a situation of stability, [but] we believe it is not in the best interest of BPI that the OPA extends artificially in the market,” he said.
Convinced that maintaining the current conditions, the operation will sinker by the shareholders, Mário Silva said that “the OPA is something of the past.”
“We continue to believe that the future of the institution is to participate in consolidation movements in the Portuguese financial sector. We prefer to consolidation in the Portuguese market to a BIS integration in an Iberian structure”, he said.
Questioned by Lusa agency about whether, as today was assumed by BPI administration, sees the offer of Catalan bank as “peaceful”, the president of Santoro said he believes everyone wants “the best for the institution,” but acknowledged that they have ” different visions for the future of the same “.
The Caixa Bank launched February 17 a takeover bid on all of BPI’s capital to 1.329 euros per share, a price considered low for managing the Portuguese bank.
Two weeks later, the Angolan Isabel dos Santos has advanced an alternative proposed merger between BPI and BCP, which would create the largest Portuguese financial institution.
According to recently she stressed the president of Santoro, Mario Silva, the merger with BCP “aims to create a viable alternative” to the Tender Offer, in the case of a generating value solution for the shareholders of both banks to allow you to create “the largest Portuguese bank, with reference positions in three extreme potential markets – Angola, Mozambique and Poland. ”
tags: BPI, convinced, OPA, Santoro,
Inspectors of the Criminal Police, prosecutors and members of the Tax and Customs Authority (AT) are on Thursday to conduct searches in various parts of the country, including government ministries and agencies within the research process visas gold , confirmed the Attorney General’s Office (PGR).
The operation involves searches in the Secretariat services of State for Fiscal Affairs, “led by Paul Nuncio in other services of the Ministry of Finance, the Foreigners and Borders Service (SEF) and also in” various businesses and private residences ” refers to a note from the office of Attorney General, Joana Marques Vidal.
A PJ team is also on the premises of the Directorate-General for Consular Affairs and Portuguese Communities, he informed the Ministry of Foreign Affairs (MFA), which says it is “fully available to cooperate with the authorities”.
The operation, launched by the Central Department of Investigation and Penal Action (DCIAP) covers 34 searches in “several points the country, “involving six prosecutors, the DCIAP, about 80 elements of PJ and 15 of the TA. According to information gathered by the PJ PUBLIC source together, the operation was launched simultaneously in various parts of the country to collect documents, proof and evidence.
According to the PGR, “this survey are investigated, , among others, matters related to the allocation of gold visas, “being concerned” suspected corruption crimes, influence peddling, embezzlement and money laundering. “
The Ministry of Finance has confirmed, however, a short two-paragraph statement, the PJ made “inquiries with the Secretary of State for Fiscal Affairs,” a process that the ministry says it is “related to the tax treatment for VAT on a transaction between a Portuguese company and the Libyan Ministry of Health “.
The ministry led by Maria Luís Albuquerque, whom Paul Nuncio responds as secretary of state, says that” the Secretary of State for Fiscal Affairs is fully available to cooperate with the research. ” Plus no use on the searches performed, NOT
PUBLIC contacted the press office of Maria Luís Albuquerque, asking for more clarification on the operation, but the ministry refused to provide further information in addition to what said in a statement .
The operations are being carried out by the National Unit for Combating Corruption and PJ involve searching the building where he runs the direction of VAT Services Tax Authority, based in Avenida João XXI, Lisbon .
In the tax administration, the Directorate of Tax Services (DSIVA) is directed by Emily Pepper, in whose office were the PJ inspectors. Emilia Pereira responds to the Deputy Director-General Miguel Silva Pinto, responsible for the tax management of this tax
AT. – Temporarily led by Helena Borges since the resignation of António Afonso fights following the case of taxpayers list VIP – is divided into several areas of tax administration and customs, each with a deputy director-general who supervises the various directorates of services. VAT is one of those areas, together with the assets, special consumption taxes, income taxes, tax administration, customs, justice, inspection, billing, planning, financial and human resources.
“Surprise, within the normal range,” says Steps
Questioned by journalists in Beja on the searches, the Prime Minister began by saying that the case did not deserve it “no special comment” , noting that the Ministry of Finance has said he is willing to help with the investigation.
Pedro Passos Coelho acknowledged then that it was with “surprise, but a surprise within the normal range”, which took note of steps. were a “surprise” for the prime minister PJ investigations at the Ministry of Finance. “It is normal that these institutions fulfill their functions as comply with our with peace of mind,” he said Passos Coelho forward without further details. With Carlos Dias
The Finance Ministry confirmed in a statement that prosecutors “today has made inquiries with the Secretary of State for Fiscal Affairs as part of a case relating to the tax treatment for VAT on a transaction between a company . Portuguese and the Ministry of Health Libyan “
Despite the searches, which take place within the process of ‘visas gold’ – that led to the arrest of senior officials and the resignation of Minister of Internal Affairs, Miguel Macedo – according to SIC Notícias are not provided arrests
The PJ is, according to TVI 24, to carry out searches in the office of own Secretary of State for Fiscal Affairs, Paul Nuncio, and the building of Finance on the Avenue. João XXI in Lisbon.
News on update.
Tax revenue “evolved unfavorably” by March and, if adjusted for refunds of indirect taxes, recorded an annual increase “less than impressive”, according to the Technical Unit of Budget Support (UTAO).
In the synthesis of budget execution of the first quarter, the Lusa agency has had access to UTAO back to warn that the growth of net tax revenue (considering reimbursements of indirect taxes) increased 4.8% to March, yoy, but that “in gross terms, the evolution was different, verifying some significant annual increase.”
“Indirect tax refunds checked until March 2015 were lower than in the same period by about EUR 319 million, including the VAT level [tax Value Added], implying an increase in tax revenue in net terms much higher than in gross terms, “write the independent experts who support the parliament.
UTAO explains the reduction of about 25% of refunds on VAT thirst with the entry into force of new requirements for granting VAT refunds, “including going to depend on the electronic communication of all invoices issued during the repayment period or in previous periods and the absence of differences between reported values and the declared values of paid and tax deductible. ”
The technicians consider that “overcome difficulties” registered at the level of verification issued and communicated invoices, it is assumed “that VAT refunds could accelerate in the coming months, approaching the values recorded in previous years.”
The Business Journal wrote on Tuesday that VAT refunds (value added tax) are being automatically suspended if it is detect discrepancies between the information received in the system e-invoice and the relative applications for reimbursement and that, in these cases, companies are not reimbursed, even if the responsibility for non-communication is not his, but from suppliers.
Finance Ministry source told Lusa that the electronic communication of invoices for the system e-invoice “is mandatory for all companies since 2013″ and is necessary for ” guarantee the right of each individual taxpayer to deduct the IRS in relation to the respective collection expenses “and to” secure the payment due from VAT and IRC by companies. “
The same source recalled that in January, the control of the obligation to issue invoices and communication and control of obligations measures were adopted for VAT and that “not only the risk matrix to be used by tax authorities to confirm the validity of claims for refunds VAT has changed significantly, as they came to be because of suspension of repayments. ”
This means that, according to the trust, what drives this suspension of VAT refunds is “the existence of differences between the values of reported invoices and the declared values of paid and tax deductible for each company.”
Tuesday, April 28, 2015
Tax revenue “evolved unfavorably” by March and, if adjusted for refunds of indirect taxes, recorded an annual increase “less than impressive”, according to the Technical Unit of Budget Support (UTAO).
In the synthesis of budget execution of the first quarter, the Lusa agency had access Wednesday, the UTAO back to warn that the growth of net tax revenue (considering reimbursements of indirect taxes ) grew 4.8% by March, yoy, but that “in gross terms, the evolution was different, verifying some significant annual increase.”
“Indirect tax refunds checked up to March 2015 were lower than in the same period by about EUR 319 million, including the level of VAT [Value Added Tax], implying an increase in tax revenue in net terms much higher than in gross terms ” write the independent experts who support the parliament.
The UTAO explains the reduction of about 25% of refunds on VAT thirst with the entry into force of new requirements for granting VAT refunds, ” including going to depend on the electronic communication of all invoices issued during the repayment period or in previous periods and the absence of differences between reported values and the declared values of paid and tax deductible. “
The technicians consider that “overcome difficulties” registered at the level of verification issued and communicated bills, it is assumed “that VAT refunds could accelerate in the coming months, approaching the values recorded in previous years.”
The Business Journal wrote on Tuesday that VAT refunds (value added tax) are being automatically suspended if it is detected discrepancies between the information in the system e-invoice and on applications for reimbursement and that, in these cases, companies are not reimbursed, even if the responsibility for non-communication is not his, but from suppliers.
Finance Ministry source told Lusa that electronic communication bills for the system and -factura “it is mandatory for all companies since 2013,” and it is necessary to “guarantee the right of each individual taxpayer to deduct from taxable income on IRS with regard to the expenditure” and to “secure the payment due from VAT and IRC by companies” .
The same source noted that in January, the emission control obligation and communication bills and control of bond measures were approved for VAT and that “not only the risk matrix use by the tax authorities to confirm the validity of claims for VAT refunds has changed significantly, as they came to be because of suspension of repayments. “
This means that, according to the trust, what motivates this suspension of VAT refunds is “the existence of differences between the values of reported invoices and the declared values of paid and tax deductible for each company.”
A kind of early peace between Google and the media in the amount of 150 million euros. Is this the investment fund that the web giant will “inject” the future of the European digital journalism, with the creation of Digital News Initiative, the partnership presented yesterday that will put the search engine to work with for now, eight media organs in Europe: the journal Les Echos of France, the British Financial Times and The Guardian , German FAZ and Die Zeit , the Italian La Stampa , the Spanish El Pais and the Dutch group NRC Group. The goal, this, is to “provide support to an ecosystem of sustainable news and promote innovation in journalism online through ongoing collaboration and dialogue between technology and news production,” reads the Google’s statement.
By developing new forms of reporting the Web, the data medium you want to innovate the way to do digital journalism and the training of journalists and newsrooms when it comes to news in the world of
“The Internet giant offers opportunities for the creation and dissemination of quality journalism. But there are legitimate doubts about whether that level of quality if you can keep the digital age. Through the Digital News Initiative, Google will work closely with publishers to help develop more sustainable models for news production sector. This is just the beginning and we launched the challenge to others to join us, “said the president for relations Strategic Google in Europe, Carlo D ‘Asaro Biondo.
With a minimum duration of three years, Digital News Initiative focuses on three main areas. One is the development of products, which will be created “a working group” to explore projects that can “increase profit, traffic and loyalty of the public” in the form of videos, applications, advertising, paid content or Google News, reads the statement. The second area is support for innovation. The money funded by Google used to develop “new ways of thinking about digital journalism and explore the concepts of innovation, feasibility and potential impact.” The third concerns the training and research. The web giant to invest in training and development expertise of essays, will offer academic research grants and Reuters Institute Digital report on news consumption and the behavior of European internet users in the past 20 years.
Read more in the printed edition or e-paper DN.
The challenge launched by the PSD to the main opposition party to submit the assessment of the Board of Public Finance (CFP) and the Technical Unit of Budget Support (UTAO) the macroeconomic scenario developed by a group of 12 economists is generating doubts about the possibility of these two bodies be able to do.
Understanding the PSD is that, yes, both the mandate of UTAO as the CFP give rise to it, but the PS believes that the law leaves out the powers of the two entities that possibility. The first provides technical support to Parliament, the second is a “independent administrative authority”.
For now, the Council of Public Finance said that the PUBLIC “is preparing guidance on the subject “. The interpretation of the CFP’s mandate is not as clear as the scope of duties of UTAO, which responds to the Parliament on the analysis of studies and technical working papers on public budgetary and financial management.
One of the questions is whether, taking into account the Council’s position of independence laid down in its statutes, the technicians of the institution led by Teodora Cardoso can advise on reports that a party wants to submit for evaluation.
The CFP assignments provide for the analysis of the “macroeconomic scenarios adopted by the Government,” the “public debt dynamics,” the “evolution of existing commitments, with particular focus on the pension and health systems and in public-private partnerships and concessions, “the” financial situation of the autonomous regions and local authorities, “the public business sector, fiscal spending and budget implementation. Necessarily have to issue reports on the proposed state budget, the Stability and Growth Programme, the Multiannual Framework of Budget Programming. E “should also produce regular reports on the sustainability of public finances and other it considers appropriate.”
THE PUBLIC CFP awaits response on the interpretation of statutes, to see if the Commission considers there is room to examine documents or supporters if this hypothesis is excluded (and, ultimately, it will need to review the statutes supporters case studies can be analyzed here).
already UTAO responds to Parliament. It is organically, a unit that is part of the National Assembly services. The UTAO provides technical support to Parliament in budgetary and financial matters, working under the guidance of the Budget Committee, Finance and Public Administration (Cofap).
At technicians UTAO compete prepare studies and technical working papers to the State Budget Act, the General State Accounts, the budget implementation to the Ministry of Finance publishes every month, the stability program which the executive is required to send to the European Commission. The scrutiny of the unit also pass the contracts of Public-Private Partnership and concessions. And they can spend “admitted legislative initiatives, the president of the Parliament” subject to Cofap.
Among the powers of the UTAO is still the analysis of “other work that you . are determined “by Cofap, the President of Parliament or by other committees
It is on this last assignment, provided for in paragraph i) of Article 10 – The resolution where we determine the competence of UTAO, the spokesman for the PSD, Antony Costa, says most will force the analysis of macroeconomic PS by UTAO scenario. To do this, you will have to propose within the Cofap where PSD and CDS-PP have majority.
Eurogroup President considers that Greece will not achieve the goals without help
“There is much misunderstanding about the fact that negotiations are prolonged for so long. If you do not have money to fund everything they want, the Greeks must adapt these desires to reality, “he told Dutch television.
According to the president of the Eurogroup, the” reality is that there is little money and, without help, Greece will not. “
In addition, Jeroen Dijsselbloem said the change in the negotiating team is good news, however stressed that this change alone does not solve problems the Eurogroup.
On Monday, the Greek government had announced that Euclide Tsakalotos is the new coordinator for talks with international creditors.
Sp. Braga – Belenenses (1-1)
Academic – Gil Vicente (1-2)
Estoril – Maritime (1-1)
Rio Ave – V . Guimarães (1-1)
Arouca – P. Ferreira (1-3)
National – Penafiel (2-0)
Benfica – FC Porto (0-0)
Boavista – V. Setúbal (0-0)
Moreirense – Sporting (1-4)
V. Guimarães – Estoril (01/05 20:30)
Gil Vicente – Benfica (02/05 18:00)
Sporting – National (02/05 20:15)
Boavista – Moreirense (03/05 16:00)
Ocean – Arouca (03/05 16:00)
Penafiel – Académica (03/05 16:00)
V. Setúbal – FC Porto (03/05 19:15)
Belenenses – Rio Ave (04/05 19:45)
Q. Ferreira – Sp. Braga (04/05 20:00)