Post on 02-Oct-2020
European Tax Survey Análise de Portugal em detalhe
Janeiro 2014
© 2014 Deloitte & Associados, SROC S.A. 2 Análise de Portugal em detalhe
Índice
Principais conclusões para Portugal 3
Análise em detalhe 9
Sobre o estudo 36
3 Análise de Portugal em detalhe
Principais conclusões para Portugal
© 2014 Deloitte & Associados, SROC S.A. 4 Análise de Portugal em detalhe
Principais conclusões para Portugal (1/5)
• Aproximadamente dois terços dos inquiridos em Portugal indicou que tem um Centro de
Serviços Partilhados no que respeita à função financeira interna, o que é superior ao resultado
médio da EMEA. Três quartos destes inquiridos responderam que uma parte ou a totalidade do
tax compliance é efectuado através desse Centro de Serviços Partilhados.
• Dois terços dos respondentes em Portugal indicaram que o factor mais importante para o
sucesso da sua função é o cumprimento atempado das respectivas obrigações fiscais, o que
acompanha os resultados da EMEA. Salientam ainda a importância atribuída à integração
efectiva no negócio e na estratégia geral da organização, bem como à certeza quanto às
eventuais responsabilidades fiscais.
Por outro lado, a existência de boas relações com a administração fiscal e a redução da taxa de
tributação efectiva, são indicados como os factores com menor relevância para os respondentes
em Portugal. Deste modo, a redução da taxa efectiva já não é a prioridade principal, quer em
Portugal, quer em geral na EMEA.
• Na perspectiva de 73% dos responsáveis pela área dos impostos das sociedades portuguesas
inquiridas, o factor mais preocupante são as constantes alterações da legislação fiscal. O
resultado em Portugal, neste aspecto, é consideravelmente mais elevado, quando em
comparação com a média nos restantes países da EMEA.
© 2014 Deloitte & Associados, SROC S.A. 5 Análise de Portugal em detalhe
Principais conclusões para Portugal (2/5)
Outra preocupação relevante apontada, pelos responsáveis em Portugal é o cumprimento das
respectivas obrigações fiscais, em contraponto com os resultados da EMEA, que apontam o
aumento do escrutínio por parte das autoridades fiscais como a segunda maior preocupação.
• Neste sentido, os responsáveis portugueses salientaram a necessidade de aumentar a
certeza/segurança quanto ao futuro do sistema fiscal, bem como a simplificação do mesmo.
Essas seriam as alterações que, na opinião dos participantes no estudo, teriam maior impacto
positivo no sistema fiscal português.
Tais medidas, na sua generalidade, foram igualmente apontadas pelos inquiridos da EMEA.
Notamos ainda a reduzida relevância atribuída ao eventual decréscimo das taxas de tributação,
quer em Portugal, quer na EMEA.
• A Holanda e o Reino Unido destacam-se como os países onde é mais fácil operar para as
sociedades portuguesas, em contraposição com a Rússia, que é indicada como a jurisdição que
apresenta maiores dificuldades. Surpreendentemente, as opiniões dos participantes
portugueses relativamente a Espanha dividem-se. Neste sentido, a mesma foi indicada como
uma jurisdição favorável por 13% dos inquiridos, apesar de 12% a declararem como uma
jurisdição desafiante para operar.
© 2014 Deloitte & Associados, SROC S.A. 6 Análise de Portugal em detalhe
Principais conclusões para Portugal (3/5)
• Quanto à pergunta sobre a existência de incertezas no que respeita à fiscalidade em Portugal,
85% dos inquiridos salientou que há um elevado grau de incerteza, principalmente devido às
constantes alterações legislativas (89%), uma situação em linha com a tendência dos
resultados da EMEA mas com valores mais acentuados para Portugal. Em segundo lugar, com
44%, os respondentes destacam a demora significativa na resolução dos litígios com a
administração fiscal como outro factor gerador de incerteza, em contraste com a ambiguidade
da parte das autoridades fiscais apontada nas respostas dos restantes países da EMEA.
• Neste âmbito, os inquiridos portugueses ainda consideraram que o grau de segurança ou
certeza, a nível fiscal, no seu país, é substancialmente inferior ao dos outros países europeus.
• Quase metade (48%) dos respondentes de Portugal indicaram ter uma boa relação com as
autoridades fiscais, sendo que tal relação se manteve inalterada no último ano. Contudo, estes
resultados são ligeiramente inferiores à média da EMEA. Apenas 4% dos participantes
portugueses indicam ter uma relação má ou muito má com as autoridades fiscais.
• Os inquiridos indicaram que a administração fiscal em Portugal se foca maioritariamente em
dois impostos: IRC (73%) e IVA (63%), seguidos por preços de transferência/tributação
internacional, IRS e impostos sobre o património.
• 72% das empresas dos respondentes portugueses foram alvo de inspecção por parte da
administração fiscal nos últimos três anos.
© 2014 Deloitte & Associados, SROC S.A. 7 Análise de Portugal em detalhe
Principais conclusões para Portugal (4/5)
• Segundo o estudo, 43% dos inquiridos mostram-se dispostos a contestar uma decisão da
administração fiscal, caso a considerassem injusta. Neste sentido, mais de um quarto dos
respondentes indicaram ainda que a contestação de tal decisão dependeria das circunstâncias
concretas. Tal resultado apresenta-se em claro contraste com os resultados de 2012, em que
70% dos inquiridos indicaram estar dispostos a contestar uma decisão da administração fiscal.
• Menos de metade dos respondentes foram interpelados pelos stakeholders internos, com o
objectivo de apresentar uma justificação da estratégia fiscal adoptada pela organização. Por
outro lado, apenas a 27% dos inquiridos foi solicitada tal justificação por parte de stakeholders
externos, incluindo accionistas.
• Os participantes portugueses indicam que actualmente há um maior nível de discussão e
escrutínio quanto à estratégia fiscal, em comparação com o ano anterior. Consequentemente,
um terço dos respondentes indicam que estão a adoptar uma nova abordagem ao planeamento
fiscal, enquanto outro terço declara que não irá efectuar qualquer alteração.
Neste âmbito, a garantia de que a estratégia fiscal é apoiada formalmente pela organização,
mencionada pelos inquiridos da EMEA como a reacção mais frequentemente adoptada, não é
observada em Portugal.
© 2014 Deloitte & Associados, SROC S.A. 8 Análise de Portugal em detalhe
Principais conclusões para Portugal (5/5)
• Mais de metade dos inquiridos portugueses indica que a estratégia fiscal da empresa foi
sancionada pela respectiva administração, um resultado que acompanha os restantes países
da EMEA. As questões de índole fiscal são discutidas pela administração, em 99% dos casos,
apesar da frequência da discussão ser substancialmente variável.
• Por último, os respondentes destacam que não se dedicam exclusivamente ao tratamento de
assuntos fiscais, indicando que actividades como a gestão do respectivo departamento, a
interligação com outros departamentos da empresa e a interacção com a administração
ocupam a maior parte do seu tempo.
Análise em detalhe
© 2014 Deloitte & Associados, SROC S.A. 10 Análise de Portugal em detalhe
Key
takeaway
Currently, 62% of respondents have a shared service centre for Finance in Portugal, which is clearly
higher than the average of the EMEA.
9. Do you have a shared service centre for Finance within
your company?
38%
62%
47%
53%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 11 Análise de Portugal em detalhe
Key
takeaway
9a. If yes, is any part of tax compliance delivered by your
company’s shared service centre?
Only 23% of Portuguese respondents do not have the shared service center delivering a part of the tax
compliance.
23%
77%
35%
65%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 12 Análise de Portugal em detalhe
Key
takeaway
10. When thinking of what success looks like for your
department, which of the following are most important? Rate
each item Low, Medium or High, where High is critical to
success and Low is not a key measure in your organisation.
Low Effective Tax Rate is no longer the highest priority, in line with EMEA.
Low Medium High
PT EMEA PT EMEA PT EMEA
Low Effective Tax Rate 7.4% 12.9% 38.3% 43.3% 52.1% 43.8%
Tax returns and compliance filed on time 3.2% 4.2% 28.7% 24.5% 66% 71.3%
Good relationship with the tax authority 11.7% 5.7% 45.7% 43.6% 39.4% 50.7%
Close integration with the business and its strategy 1.1% 5.3% 36.2% 32.7% 60.6% 62%
Certainty around tax liabilities 3.2% 2.8% 34% 29.2% 60.6% 68%
© 2014 Deloitte & Associados, SROC S.A. 13 Análise de Portugal em detalhe
Key
takeaway
11. Which tax risks and uncertainties concern you most,
weigh on your mind or keep you awake at night? Please rate
each item as Low, Medium or High, where High is one of the
most stressful areas and Low is something you don’t worry
about.
Rapidly changing legislation is a critical concern for heads of tax, especially in Portugal.
Low Medium High
PT EMEA PT EMEA PT EMEA
Compliance - such as getting tax returns filed on time and accurately 14.9% 24.9% 43.6% 46.9% 39.4% 28.2%
Increased tax authority scrutiny - such as outstanding cases with your tax
authority or Tax Audits 14.9% 15% 52.1% 45.7% 30.9% 39.3%
Governance - such as ensuring that tax activities are aligned with wider
corporate objectives and getting buy-in from the Board and business with
regard to tax issues
11.7% 15.4% 53.2% 52.7% 30.9% 31.8%
Tax resources - such as key tax staff leaving or staff shortages 33% 33.6% 51.1% 46.7% 13.8% 19.6%
Technology and systems - such as data quality issues or inadequate finance
systems 20.2% 27.6% 45.7% 47.2% 31.9% 25.2%
Change of tax regulation - for example, the introduction of new tax laws,
keeping up with rapidly changing legislation or dealing with legislation with
which you aren’t familiar
0% 7.6% 23.4% 39.7% 73.4% 52.6%
© 2014 Deloitte & Associados, SROC S.A. 14 Análise de Portugal em detalhe
Key
takeaway
12. What change(s) to your country’s tax legislation do you
think would have the greatest positive impact on your
country’s commercial competitiveness?
The Portuguese tax community is seeking certainty around the future of the tax system (56%) and the
respective simplification (46%), clearly more important than lowering the rates (16% for corporate tax, for
instance).
0%
2%
2%
7%
10%
11%
14%
16%
17%
46%
56%
2%
7%
2%
14%
8%
21%
12%
10%
14%
36%
44%
Fewer tax audits
Reduction of the income tax burden/ tax rate by 1-2% in the rate
Other (please specify)
Reduction of the employment tax rate by 1-2% in the rate
Reduction of the indirect tax burden – GST/VAT by 1-2% in the rate
Very predictable and collaborative tax authority
Simpler compliance systems and processes
Reduction of the corporate tax rate by 1-2% in the rate
Improved tax incentives
Simplification of the tax system
More certainty around the future of the tax system
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 15 Análise de Portugal em detalhe
Key
takeaway
13. Which major European economy is the most challenging
and difficult for your business to operate in, in terms of tax?
Portuguese respondents indicate less difficulties regarding foreign operations than EMEA, which can be
a consequence of leaving less operations in these countries. The countries considered the easiest (the
Netherlands and the United Kingdom) and the most challenging (Russia) to operate are in line with the
EMEA results.
2%
3%
6%
7%
9%
12%
16%
4%
7%
20%
17%
15%
9%
28%
Netherlands
United Kingdom
Italy
Germany
France
Spain
Russia
EMEA
PT
© 2014 Deloitte & Associados, SROC S.A. 16 Análise de Portugal em detalhe
Key
takeaway
14. Please select from the list below if there is another
country that you find more difficult than the one you selected
above
No other specific jurisdiction is seen as more or equally challenging than those already mentioned by
Portuguese respondents. However, Portugal was ranked high by other countries (6%) as a more difficult
country to operate in.
0% 0% 0% 0% 0%
3%
0% 1%
0% 0%
3%
0% 0% 1%
3%
0% 0% 0% 0% 0%
6%
1% 0%
3%
0% 0% 1% 1%
9%
0% 1%
13%
1% 2% 2% 1%
4%
0% 1% 1% 1%
3% 3% 1%
5% 5%
1% 1% 1% 1% 1%
15%
7% 6%
3% 2%
1% 1% 1%
22%
2%
7%
0%
10%
20%
30%
Portugal EMEA
© 2014 Deloitte & Associados, SROC S.A. 17 Análise de Portugal em detalhe
Key
takeaway
15. Which major European economy is most favourable or
easiest for your business to operate in, in terms of tax
The Netherlands, Spain (although Spain is simultaneously reported by a significant number of
respondents as a challenging jurisdiction) and the UK appear to be the economies with which Portuguese companies feel more confortable and easy to deal with, from a tax perspective.
1%
13%
3%
1%
7%
6%
22%
2%
5%
5%
2%
31%
16%
40%
Russia
Spain
France
Italy
United Kingdom
Germany
Netherlands
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 18 Análise de Portugal em detalhe
Key
takeaway
16. Please select from the list below if there is another
country that you find more favourable than the one you
selected above
Belgium and Luxembourg are also seen as favourable jurisdictions by Portuguese companies.
0% 0% 0% 0%
7%
0%
1%
0% 0%
1%
0%
1%
0% 0% 0% 0%
4%
0% 0% 0%
4%
0% 0% 0% 0% 0% 0%
1%
4%
2%
3%
0% 1%
6%
2% 1%
0% 0%
2%
1% 0%
5%
0% 0% 0%
11%
1% 0% 1%
5%
1% 1% 1%
3%
0%
3%
10% 11%
0%
10%
20% Portugal EMEA
© 2014 Deloitte & Associados, SROC S.A. 19 Análise de Portugal em detalhe
Key
takeaway
17. Do you think there is a high degree of tax uncertainty in
your country (in which you are based)?
For the large majority of Portuguese respondents (85%), there is a high degree of tax uncertainty in
Portugal, well above the EMEA results.
2%
85%
39%
61%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 20 Análise de Portugal em detalhe
Key
takeaway
17a. If Yes, what are the two major causes of tax uncertainty
in your country?
The major cause for tax uncertainty results from frequent changes to legislation for both Portugal and
EMEA. Next in row is the excessive duration of tax disputes, with up to 44% in Portugal (21% overall in
EMEA).
1%
14%
15%
31%
44%
89%
6%
11%
18%
50%
21%
75%
Another factor (please specify)
Weaknesses and ambiguity in advance clearance or rulingsystem
Retrospective changes to legislation
Ambiguity, weaknesses and reversals in the Tax Authorities’ doctrine or publicly available guidance
Long duration of tax disputes
Frequent changes to legislation
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 21 Análise de Portugal em detalhe
Key
takeaway
18. Overall, do you believe tax certainty in your country is:
In this area, Portugal does not score well when compared with the other countries surveyed: 59%
(versus 41% in 2011) consider that tax certainty in Portugal is not as good as what they
experienced in other countries, much higher than the 34% for EMEA.
5%
26%
59%
34%
33%
34%
About the same as in other European countries
Greater than other European countries
Less than other European countries
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 22 Análise de Portugal em detalhe
Key
takeaway
19. How would you describe your company’s relationship with
your local Tax Authority in general?
The relationship between companies and the Tax Authorities in Portugal is stretched: currently 45% of
the respondents perceive their relationship with Portuguese tax authorities as good, while only 3%
indicated their relationship to be excellent. 37% describe their relationship as neither good or bad. These
results are significantly worse than the opinion of EMEA companies.
3%
1%
37%
3%
45%
2%
0%
28%
14%
56%
Poor
Extremely poor
Neither good nor bad
Excellent
Good
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 23 Análise de Portugal em detalhe
Key
takeaway
20. How is your relationship with your Tax Authority
compared to a year ago?
71 % of the Portuguese respondents considered the relationship with the Portuguese tax authorities as
the same as last year, 14% considered it better and only 5% considered it worse, not very different from
the EMEA results.
5%
14%
71%
5%
11%
84%
Worse
Better
The same
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 24 Análise de Portugal em detalhe
Key
takeaway
20a. If you answered 'Better' or 'Worse', please indicate what
you believe are the reasons for the change:
The main reasons given for a change in the relationship with the Portuguese tax authorities are a focus
on risk-based approach from the tax authority and an increased level of scrutiny.
17%
6%
22%
17%
33%
50%
6%
15%
9%
19%
16%
21%
24%
33%
More conservative tax strategy on your part
Decreased level of scrutiny from tax authority
Inconsistent approach and advice from tax authority
More aggressive tax strategy on your part
Increased level of scrutiny from tax authority
Focus on risk-based approach from tax authority
Another factor (please specify)
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 25 Análise de Portugal em detalhe
Key
takeaway
21. In which area(s) is your tax authority focusing most?
The tax areas the Portuguese tax authorities are focusing more on are Corporate income taxes,
appointed by 73% of the respondents, followed by VAT(63%).
21%
3%
2%
1%
22%
29%
63%
73%
6%
7%
4%
7%
18%
35%
54%
57%
Property taxes
Customs and Excise duty
Other (please specify)
Nothing in particular
Personal income taxes
Transfer pricing and international tax
VAT
Corporate income taxes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 26 Análise de Portugal em detalhe
Key
takeaway
22. Has your company been audited by a department of a tax
administration in the last three years?
The replies for Portugal align with the general replies for EMEA, as was the case for last year as well.
18%
72%
25%
75%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 27 Análise de Portugal em detalhe
Key
takeaway
23. If your company was subject to a tax audit and the
outcome was not satisfactory in your opinion, how likely do
you think your company would be to litigate in Court to seek a
more satisfactory resolution?
In Portugal, 29% of the respondents confirmed that their company would be prepared to litigate in Court,
above the EMEA average, whereas in 2012 about 70% said so.
2%
3%
4%
14%
27%
29%
6%
5%
10%
17%
41%
21%
Very unlikely to litigate
Don’t know
Quite unlikely to litigate
Quite likely to litigate
It depends
Very likely to litigate
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 28 Análise de Portugal em detalhe
Key
takeaway
24. Over the past 12 months, have you been asked to justify
your tax strategy by any of the following internal
stakeholders?
56% of the respondents have not been asked to justify their tax strategy by internal stakeholders, slightly
higher than their EMEA counterparts.
9%
0%
23%
7%
6%
56%
9%
4%
17%
11%
16%
51%
Investor relations
Other (please specify)
Corporate affairs
Employees
Non-executive directors
Not been asked
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 29 Análise de Portugal em detalhe
Key
takeaway
25. Over the past 12 months, have you been asked to justify
your organisation’s tax strategy by any of the following
external stakeholders?
73% of the respondents were not asked to justify their tax strategy before external stakeholders, slightly
above the EMEA results. For those who did, the most relevant external stakeholders were shareholders
and journalists.
0%
2%
13%
0%
7%
73%
3%
4%
12%
2%
9%
67%
MPs
NGOs/Campaigners
Shareholders
Other (please specify)
Journalists
Not been asked
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 30 Análise de Portugal em detalhe
Key
takeaway
26. Do you think there is generally an increased level of
discussion and scrutiny around corporate tax strategy at the
moment compared with, say, a year ago?
Respondents in Portugal generally believe (65%) there is more discussion and scrutiny nowadays on the
corporate tax strategy, above their EMEA counterparts.
26%
65%
42%
58%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 31 Análise de Portugal em detalhe
Key
takeaway
26a. If yes, how are you responding to the increased scrutiny
around the tax strategy of organisations?
Portuguese strategies are different from other countries in EMEA, in the sense that they adopt a different
approach to tax planning (38% against 28% in EMEA), or actually do not change their behavior (31% in Portugal against 21% in EMEA).
10%
30%
38%
31%
15%
12%
7%
29%
28%
21%
13%
34%
A reduced amount of tax planning
Developing additional disclosure around tax in financialstatements
Adopting a different approach to tax planning
No change
There is no increased scrutiny for our business
Ensuring there is buy-in to formal group tax strategy
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 32 Análise de Portugal em detalhe
Key
takeaway
27. Has your tax strategy been signed off by the Board?
Only 54% of the Portuguese respondents have a sign-off by their Board of their tax strategy, which is
slightly lower than in EMEA (58%).
34%
54%
42%
58%
No
Yes
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 33 Análise de Portugal em detalhe
Key
takeaway
28. How often do you personally appear before the Board to
discuss tax strategy?
Discussions with the Board occur in Portugal essentially ad hoc or as requested (38%). However,
Portuguese respondents tend to appear more often before the Board than EMEA respondents (16% of
Portuguese respondents said they never went to the Board to discuss/share tax strategy, while this
happens in 28% of the cases for EMEA).
6%
9%
6%
13%
16%
38%
7%
4%
6%
14%
28%
41%
Quarterly
More frequently than quarterly
Twice a year
Once a year
Never
Ad hoc or as requested
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 34 Análise de Portugal em detalhe
Key
takeaway
29. How often is tax discussed at the Board?
Generally, tax discussions at Board level occur ad hoc or as requested (34% in Portugal and 40% in
EMEA), while 13% of the Portuguese respondents said that these discussions are frequent (13% against
only 6% in EMEA).
13%
12%
5%
12%
1%
12%
34%
6%
13%
8%
17%
4%
12%
40%
More frequently than quarterly
Quarterly
Twice a year
I don't know
Never
Once a year
Ad hoc or as requested
EMEA
Portugal
© 2014 Deloitte & Associados, SROC S.A. 35 Análise de Portugal em detalhe
Key
takeaway
30. What are the main activities that occupy your time?
Portuguese respondents are especially focused on general management of the department and
interaction with other parts of the business (71% and 59%, respectively), as well as interacting with the
Board (46%). EMEA respondents, while interacting more significantly with the business (60%) do not
focus that much in managing the department (56%), but direct their attention also towards more specific
matters (tax authorities relationships, technical tax work or transfer pricing).
2%
11%
14%
9%
4%
36%
46%
33%
23%
30%
37%
71%
14%
38%
59%
7%
13%
12%
16%
5%
37%
28%
27%
39%
39%
40%
56%
26%
27%
60%
Public relations
Lobbying/representation on technical matters
Dealing with suppliers
Overseas tax audits
Other (please specify)
Provision of management information
Interaction with the board
HR/People management
Transfer pricing
Technical tax work
Tax authority relationships
General management of department
M&A and transactions
Managing projects outside of tax
Interaction with other parts of the business
EMEA
Portugal
Sobre o estudo
© 2014 Deloitte & Associados, SROC S.A. 37 Análise de Portugal em detalhe
Sobre o estudo
O European Tax Survey versa sobre as relações das empresas com as autoridades fiscais, com
base num questionário elaborado pela organização global da Deloitte, o qual foi respondido por
940 empresas da zona da Europa, Médio Oriente e África (doravante designada como “EMEA”).
Do grupo de empresas mencionado, 94 eram empresas portuguesas, das 1.000 maiores a operar
em Portugal.
Os respondentes fizeram-no, não a título pessoal, mas em nome das empresas que representam,
nas quais são responsáveis pela gestão das matérias fiscais ao mais alto nível. A maioria dos
inquiridos assume também responsabilidades internacionais no seu grupo económico.
O estudo procurou analisar as principais dificuldades enfrentadas pelos responsáveis pela área de
fiscalidade das sociedades inquiridas nas jurisdições onde operam.
Especificamente, pretendeu-se observar quais são as principais dificuldades com que os Heads of
Tax se deparam, quais as áreas com maior potencial de melhoria do respectivo sistema fiscal, bem
como quais são as jurisdições mais abertas ao negócio na óptica do sistema fiscal.
Os questionários foram enviados durante os meses de Junho e Julho de 2013 e continham um
total de 26 perguntas, cujas principais conclusões relativamente a Portugal apresentamos de
seguida.
© 2014 Deloitte & Associados, SROC S.A.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of
which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche
Tohmatsu Limited and its member firms.
This publication contains general information only, and none of Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively the
“Deloitte Network”) is, by means of this publication, rendering professional advice or services. Before making any decision or taking any action that may affect
your finances or your business, you should consult a qualified professional adviser. No entity in the Deloitte Network shall be responsible for any loss
whatsoever sustained by any person who relies on this publication.
Análise de Portugal em detalhe 38