State Budget 2020: will Big Brother be watching you?

State Budget 2020: will Big Brother be watching you?

A Business Breakfast to discuss Portugal’s 2020 State Budget will be held on Wednesday, February 26, at the Hilton Vilamoura As Cascatas Golf Resort & Spa, at 8.15am.

Organised by the British-Portuguese Chamber of Commerce (BPCC), the event will see speakers Ricardo Chaves, CEO and Chartered Accountant at All Finance Matters, and Manuela Robinson, Joint Country Manager at Blacktower Financial Management Group, hold a presentation titled “State Budget 2020 – Will Big Brother will be watching you?”

Says the BPCC: “2020 will bring some changes to the Non-Habitual Residency scheme, the Golden Visa programme and the Local Lodging sector, amongst others. Will Portugal continue to be the place to attract foreigners for investment and retirement?

“Although some of these measures might seem to scare foreign investment, they can also be seen as an opportunity for others to come and live in Portugal. This State Budget adopts tax policies that seek to remove the pressure in the real estate market in metropolitan areas, especially Lisbon and Porto.

“Together with the State Budget, 2020 also brings news to the accountancy procedures on companies, with accountants now having to submit to tax authorities the SAFT – Standard Audit File for Tax Purposes file that will allow them to know even more about your business: are you and your company prepared for this?”

The Business Breakfast will allow attendees ample time to discuss these and other questions, but also to share their experiences and learn from each other. There will also be ample time during and after the session for members to network and engage with the speakers on matters of interest.

Ricardo Chaves has a degree in Management from the Algarve University, a postgraduate degree in Taxation from the Douro Business School and is a Certified Accountant and Member of the Ordem dos Contabilistas Certificados since 1997. He founded All Finance Matters in 2011 and is currently its Managing Partner. Today AFM has three offices in the Algarve and a team of 23 people.

Manuela Robinson has a degree in Business Economics and several certifications and accreditations in Business and Finance. Her areas of expertise are International Pension Transfers, Private Wealth Management and Tax Efficient Financial Structures, and she worked for a number of international banking institutions and large corporations before joining Blacktower Financial Management Group, where she is today Joint Country Manager.

Cost is €13.50 for Chamber members and €18.50 for non-members. This cost is for the buffet style breakfast only and will be paid on the day directly to Hilton Vilamoura.

Places are limited, thus advance bookings are recommended. To confirm attendance, email Adriana Silva, Southern Representative, at a.silva@bpcc.pt no later than Monday, February 24.