Taxation and tax obligations of restaurants: The portuguese case study
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11328/2832 |
Resumo: | The main goal of this paper is to understand the taxation and tax obligations of Portuguese restaurants. For this purpose the Portuguese tax law was investigated, mainly the Corporate Income Tax Law, the Value-Added Tax Law, and the Social Security law. Other important legal dispositions that determine specific tax requirements to this kind of business were also analyzed. The results show that, for medium and big companies, the income taxation is determined having as underlying the accounting profit. This result is adjusted to the tax purposes and for this reason it may be subjected to corrections. In the case of small businesses this determination is simpler. It has as base the total amount of sales and it is presumed as a net income what is applied to the tax rate. The companies need to respect the rules of VAT. It implies to send a tax declaration and to pay or to return tax periodically. Also, restaurants have to assume big tax obligations to be allowed to develop their activity in Portugal. Companies are being overwhelmed with tax compliance obligations. This implies the increase of the companies' context costs and it raises the risk of penalties. Many SMEs have restricted resources and cannot afford to bear these administration expenses. This situation implies the increase of undeclared economy, in which businesses do not pay the correct tax and do not observe the tax obligations, supporting therefore less costs to develop their activity. |
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Taxation and tax obligations of restaurants: The portuguese case studyPortugalTax obligationsTaxationCorporate Income TaxVATThe main goal of this paper is to understand the taxation and tax obligations of Portuguese restaurants. For this purpose the Portuguese tax law was investigated, mainly the Corporate Income Tax Law, the Value-Added Tax Law, and the Social Security law. Other important legal dispositions that determine specific tax requirements to this kind of business were also analyzed. The results show that, for medium and big companies, the income taxation is determined having as underlying the accounting profit. This result is adjusted to the tax purposes and for this reason it may be subjected to corrections. In the case of small businesses this determination is simpler. It has as base the total amount of sales and it is presumed as a net income what is applied to the tax rate. The companies need to respect the rules of VAT. It implies to send a tax declaration and to pay or to return tax periodically. Also, restaurants have to assume big tax obligations to be allowed to develop their activity in Portugal. Companies are being overwhelmed with tax compliance obligations. This implies the increase of the companies' context costs and it raises the risk of penalties. Many SMEs have restricted resources and cannot afford to bear these administration expenses. This situation implies the increase of undeclared economy, in which businesses do not pay the correct tax and do not observe the tax obligations, supporting therefore less costs to develop their activity.2019-07-25T16:30:52Z2019-07-252019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfAldeia, S. C. R. (2019). Taxation and tax obligations of restaurants: The portuguese case study. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-7. Disponível no Repositório UPT, http://hdl.handle.net/11328/2832http://hdl.handle.net/11328/2832Aldeia, S. C. R. (2019). Taxation and tax obligations of restaurants: The portuguese case study. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-7. Disponível no Repositório UPT, http://hdl.handle.net/11328/2832http://hdl.handle.net/11328/2832enghttps://www.abacademies.org/articles/taxation-and-tax-obligations-of-restaurants-the-portuguese-case-study-8332.htmlhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessAldeia, Susanareponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-16T02:07:28Zoai:repositorio.upt.pt:11328/2832Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:39:53.177969Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Taxation and tax obligations of restaurants: The portuguese case study |
title |
Taxation and tax obligations of restaurants: The portuguese case study |
spellingShingle |
Taxation and tax obligations of restaurants: The portuguese case study Aldeia, Susana Portugal Tax obligations Taxation Corporate Income Tax VAT |
title_short |
Taxation and tax obligations of restaurants: The portuguese case study |
title_full |
Taxation and tax obligations of restaurants: The portuguese case study |
title_fullStr |
Taxation and tax obligations of restaurants: The portuguese case study |
title_full_unstemmed |
Taxation and tax obligations of restaurants: The portuguese case study |
title_sort |
Taxation and tax obligations of restaurants: The portuguese case study |
author |
Aldeia, Susana |
author_facet |
Aldeia, Susana |
author_role |
author |
dc.contributor.author.fl_str_mv |
Aldeia, Susana |
dc.subject.por.fl_str_mv |
Portugal Tax obligations Taxation Corporate Income Tax VAT |
topic |
Portugal Tax obligations Taxation Corporate Income Tax VAT |
description |
The main goal of this paper is to understand the taxation and tax obligations of Portuguese restaurants. For this purpose the Portuguese tax law was investigated, mainly the Corporate Income Tax Law, the Value-Added Tax Law, and the Social Security law. Other important legal dispositions that determine specific tax requirements to this kind of business were also analyzed. The results show that, for medium and big companies, the income taxation is determined having as underlying the accounting profit. This result is adjusted to the tax purposes and for this reason it may be subjected to corrections. In the case of small businesses this determination is simpler. It has as base the total amount of sales and it is presumed as a net income what is applied to the tax rate. The companies need to respect the rules of VAT. It implies to send a tax declaration and to pay or to return tax periodically. Also, restaurants have to assume big tax obligations to be allowed to develop their activity in Portugal. Companies are being overwhelmed with tax compliance obligations. This implies the increase of the companies' context costs and it raises the risk of penalties. Many SMEs have restricted resources and cannot afford to bear these administration expenses. This situation implies the increase of undeclared economy, in which businesses do not pay the correct tax and do not observe the tax obligations, supporting therefore less costs to develop their activity. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-07-25T16:30:52Z 2019-07-25 2019-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
Aldeia, S. C. R. (2019). Taxation and tax obligations of restaurants: The portuguese case study. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-7. Disponível no Repositório UPT, http://hdl.handle.net/11328/2832 http://hdl.handle.net/11328/2832 Aldeia, S. C. R. (2019). Taxation and tax obligations of restaurants: The portuguese case study. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-7. Disponível no Repositório UPT, http://hdl.handle.net/11328/2832 http://hdl.handle.net/11328/2832 |
identifier_str_mv |
Aldeia, S. C. R. (2019). Taxation and tax obligations of restaurants: The portuguese case study. Journal of Legal, Ethical and Regulatory Issues, 22(3), 1-7. Disponível no Repositório UPT, http://hdl.handle.net/11328/2832 |
url |
http://hdl.handle.net/11328/2832 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
https://www.abacademies.org/articles/taxation-and-tax-obligations-of-restaurants-the-portuguese-case-study-8332.html |
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http://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
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http://creativecommons.org/licenses/by/4.0/ |
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openAccess |
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application/pdf |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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