Chega leader, Miguel Castro, made the opening speech of today’s plenary session, addressing what should be the debate on the Regional Budget for 2026. The CH leader considers it important to “look at the reality of those who contribute to a rich Region, with a high GDP, but where there…
Posts published in “Financial Matters”
The Court of Auditors (TdC) has decided to annul a contract between the Association for the Promotion of the Autonomous Region of Madeira and Nova ExpressĂŁo, Planejamento de Media e Publicidade, S.A. The contract was signed on the 19th of March 2025 for the acquisition of digital production services, planning,…
From Monday, all ATM service payments must show the name of the final recipient. This change, imposed by Notice No. 4/2024 of the Bank of Portugal, aims to increase transparency and fight fraud by allowing the user to confirm the beneficiary before authorising the transaction, whether by home banking or…
The President of the National Association of Traders and Exporters of Wines and Spirits (ANCEVE), Paulo Amorim, said today that “the US has stopped orders for Portuguese wines and wines from Europe.” “The uncertainty is terrible and with the uncertainty the distribution chain in the United States has stopped orders…
The PS-Madeira has announced a set of legislative proposals aiming to protect the regional economy from the impacts of the increase in customs tariffs imposed by the United States. The Trump administration’s decision has generated concern among Madeiran businessmen, particularly in the tourism, real estate, and export sectors including Madeira…
The Mayor of Funchal confirmed that the municipality was notified to pay four executions worth one million euros for debts to the public company ARM and that if it did not do so, the municipality’s account would be seized, and blocked. “It has not yet been 48 hours since we…
The Council of Ministers has approved the decree-law that eliminates the obligation to report, in the IRS declaration, income not subject to IRS, such as meal allowances, and those subject to withholding taxes, such as interest. The approved diploma, in addition to eliminating the carry-forward of those types of income,…
Portugal fell nine places in the 2024 Corruption Perceptions Index and obtained its worst result ever. The failing was, “particularly driven by the perception of abuse in public office for private benefits,” in cases such as ‘Operation Influencer’. The Transparency International index, published since 2012 and in which Portugal has…
From now on it will be possible to make Social Security payments via bank transfer. This is made possible due to the printed individual IBAN printed on the document. This, says a Social Security Institute (ISS) spokesperson will make the payment process easier and more efficient. “For each payment document…
The deadline for taxpayers to submit income declarations, that are not subject to withholding tax, such as domestic workers, has been extended until the end of February. At issue is the so-called Model 10, whose deadline for delivery is usually the 10th of February, but an order recently published by…
Taxpayers who, in 2024, had capital income, such as interest, and income not subject to tax – daily allowances or meal allowances-, greater than 500 euros will have to declare them to the IRS. This reporting obligation is part of an amendment to the IRS code, introduced by the State…
The President of the Regional Government once again assured reporters this morning, that a set of public contracts “will stop,” including work on the Central and University Hospital of Madeira. Miguel Albuquerque explained to journalists that the holdup is due to the failure to agree on the budget and the…
The Court of Auditors (TdC), in its 2023 External Verification of the Regional Government Treasurer’s Account, indicates that the Regional Government did not fully comply with a recommendation regarding budgetary rules on the use of bank and treasury balances, which had already been left in the previous year’s report. In…
The Court of Auditors has issued its report on the audit of the clearance of financial responsibilities, under the debt settlement agreement between the municipality of SĂŁo Vicente and the Madeira Electricity Company. In conclusion, the TdC recommends that the municipal bodies of SĂŁo Vicente, in the settlement of debts,…
The Court of Auditors (TdC) will deliver tomorrow to the President of the Legislative Assembly of Madeira, JosĂ© Manuel Rodrigues, the opinions on the accounts of the Autonomous Region and the Legislative Assembly of Madeira for 2023. “The ceremony will take place at 3:30 pm in the Assembly Legislative Assembly…