All news
Politics
Business
Technology
Incidents
Sports
Weather
Science
Entertainment
World
Real Estate
AI News
Director of the Tax Authority does not respond to municipalities about the dam dealPhoto by 27058054 on Pexels
Politics

Director of the Tax Authority does not respond to municipalities about the dam deal

Jornal Económico14 September 2026 at 12:10

The Terra de Miranda Cultural Movement (MCTM) directs harsh criticism at the director-general of the Tax Authority (AT) for the lack of response to several letters sent both by the movement itself and by the six municipalities covered by the six dams sold by EDP to Movhera, in a deal worth 2.2 billion euros.

According to MCTM, around 500 million euros in IMT, Stamp Duty, and IRC are at stake, representing public revenues of enormous magnitude. On May 14, the six municipalities sent a qualified legal opinion to the AT director identifying the essential aspects that must be safeguarded to prevent assessments from being annulled later.

Four months have passed and, despite insistences, the AT has not responded to the local authorities or the Movement, which on May 4 sent another study on the matter and requested a meeting to present and discuss it. The MCTM rejects that it is asking any favor from the AT, stating that it only wants the taxes from the dam sale to be correctly assessed and collected.

The movement also warns that, when around 500 million euros are at stake, it will mobilize citizens so that responsibilities are established and have consequences.

Why this matters

The six Trás-os-Montes municipalities are directly affected by this multimillion-euro sale, expecting tax revenues of around 500 million euros that may be at risk if the AT does not correct assessment errors. The Tax Authority's silence over four months leaves the municipalities without guidance on how to ensure taxes are correctly collected, following previous errors in the dams' IMI that harmed the municipalities.

About this summary

This is our short summary of a report published by Jornal Económico on 14 September 2026 at 12:10; the full text stays with the publisher. In our feed it sits under Politics. We currently carry 29424 items in that section.

All items in this section →
Source

Related articles

Politics

"By betting everything on labor reform, Government accelerated towards the wall," accuses Miguel Cabrita, PS deputy

PS deputy Miguel Cabrita criticized on Monday, at a conference organized by Jornal Económico in Lisbon, the way the current Government conducted the labor reform, considering that the executive "accelerated towards the wall" by placing this change at the center of economic transformation without prior studies, diagnostic assessment, or sufficient political legitimacy. Cabrita argued that labor legislation can and should be changed, but rejected that a reform of the Labor Code can, by itself, solve the structural problems of productivity and competitiveness, emphasizing that Portugal needs a more comprehensive economic strategy that includes investment, qualification, technology, and strengthening social dialogue. The socialist also warned that the discussion cannot be monothematic, that it is necessary to reconcile business flexibility with security for workers, and that the country needs "dramatically" a medium and long-term strategy.

Jornal Económico14/09/26, 12:56
Politics

IL accuses PSD of "trying to buy Portuguese voters" and of "electoral raffle" with income tax cut

The parliamentary leader of Iniciativa Liberal today accused PSD of "trying to buy Portuguese voters" with the income tax reduction proposal, classifying it as an "electoral raffle", and defended that there is a "majority of wimps" preventing structural reforms in the country. João Cotrim de Figueiredo also directed criticism at Chega, which he accused of being "afraid", and at PS, which he called "mothballed politics".

RTP Notícias14/09/26, 12:50
Politics

Brussels cannot yield on rules for tech giants and AI

The European Commission's Vice-President, Teresa Ribera, today defended that the EU must maintain the rules it has established for large technology companies and artificial intelligence, even if this generates trade and political conflicts with other countries. This position comes at a time of growing international pressure on European regulation of the technology sector.

RTP Notícias14/09/26, 12:50
Politics

European Commission assures that EU is "at the forefront" of AI regulation

The European Commission guaranteed today that the European Union is "at the forefront" regarding the protection of citizens against risks associated with artificial intelligence, emphasizing the security safeguards implemented at the community level to regulate this technology.

RTP Notícias14/09/26, 12:50