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Showing posts from November, 2015

PORTUGAL AMONG THE BEST COUNTRIES IN WICH TO DO BUSINESS

According to the Ease of Doing Business rankings, which include 189 countries, Portugal is placed best in the world for trading across borders. It is also ranked highly for resolving insolvency, coming in at eighth, and is the 13th easiest country in which to open a business.

Getting credit is where Portugal ranks worst, placed 97th, while it also fairs poorly when it comes to taxes or protecting minority investors.

The list is topped by Singapore. Despite not moving up from last year’s ranking of 65th when it comes to paying taxes, the World Bank report said that Portugal made paying taxes less costly for companies by reducing the corporate income tax rate and increasing the allowable amount of the loss carried forward. At the same time, Portugal slightly increased the vehicle tax.

Another change noted in the report is in the labour market, where Portugal introduced priority rules for redundancy dismissals and new regulations for collective bargaining agreements.