Insight

Opening Pandora's Box in Portuguese Tax Law

Diogo Ortigão Ramos discusses Cuatrecasas' 2019 "Law Firm of the Year" award for tax law in Portugal.

Cuatrecasas Law Firm of the Year Interview
Best Lawyers

Best Lawyers

March 29, 2019 09:55 AM

In an interview with Best Lawyers CEO Phillip Greer, Diogo Ortigão Ramos discusses Cuatrecasas’ 2019 “Law Firm of the Year” award for Tax Law in Portugal. Ramos leads the firm’s Portuguese tax law practice, and credits his team’s success with both their longstanding reputation in the market and their unique vertical structure, grouping over 300 lawyers of varying specialties together within their Portuguese and Spanish tax practice.

What achievements from this past year are you most proud of?

Diogo Ortigão Ramos: I feel most proud of our firm’s reputation and the way we have sustained that reputation with our clients. We are a longstanding but very innovative firm in the market, and expectations upon us are high.

One way we do this is by taking a boutique approach and making each client the most important client. This gives us the opportunity to assist in a wide variety of sectors and matters, like the acquisition of banks or the incorporation of funds. We recently advised on the acquisition of the most relevant real estate portfolio on the Portuguese market. We had the opportunity to work on this type of transaction because of our skills and our international reputation.

Your firm boasts more than 300 lawyers practicing tax law, all organized into specialized teams. How do these specialized teams give the firm a competitive edge?

Within certain practice areas, we can define where other, supplemental areas of law may be useful. For instance, we may group together teams focusing on corporate income tax or personal income tax with tax litigation. We organize things in terms of industry. For example, I lead the private client’s sector in our Portuguese office. Not all lawyers working with private clients are tax lawyers; the team also addresses questions of citizenship, immigration, visas, and real estate. Especially in cases where a private client has a trust or a foundation, legal needs go well beyond tax law.

I think this is the right way to organize the firm: with cooperation, flexibility, and pragmatism. This approach, combining vertical and horizontal specialties differentiates us.

How will the new budget law impact the 2019 tax season and tax law in Portugal?

Roughly four years ago, we had two tax reforms provoked by the old environment on corporate income tax and personal income tax. These reforms dramatically changed the economy for investors in Portugal. We have since created a dynamic and friendly tax system for companies that target Portugal as a place to invest.

Portugal was, in many ways, the first country to foster globalization. Ever since the 15th century, when we started to “discover the world”, reaching Brazil, India, and so on, we have nurtured multiculturalism. Historically, this explains Portugal’s friendly atmosphere which now has also a competitive tax system. Even U.S. companies may want to use it. In that sense, I think that the big reform carried out some years ago was very positive.

In what ways has technology affected tax law?

Obviously, technology allows us to be more efficient because we can use technology to aggregate and filter information. Nevertheless, even great software and fantastic machines cannot replace the human factor. The human factor is what gives us true value. The emotional side. To make the most of technological advances, we have to add value by using the human factor, with dedication and creativity.

Is there anything else that you would like to share with me about your firm, either from this practice area or from other groups the firm is particularly proud of?

Well, I think that because of the development and dynamism of the Portuguese economy, the real estate and tourism sector, as well as the financial sector, are all very active at this stage, generating work also for the tax practice.

Regarding the tax area, I would say that tax litigation is high demand, too. In Portugal, we put anti-abuse legislation in place a few years ago and we are suffering the first adjustment on the market. That opened Pandora's Box in terms of tax litigation, apart from the ordinary cases. Finally, I highlight the private client sector, which, due to the consistency of Portugal’s regime, is consolidating and becoming very recognized in the world.

Related Articles

A Startup Accelerator Program Sets Cuatrecasas Apart


by Best Lawyers

Miguel de Almada and Frederico Bettencourt Ferreira from the Portuguese firm discuss their 2019 "Law Firm of the Year" award for Litigation and Arbitration.

Cuatrecasas "Law Firm of the Year"

Announcing the 2021 Best Lawyers in Portugal


by Best Lawyers

The results include an elite field of top lawyers and firms.

2021 Best Lawyers in Portugal

Paying the Price in P.R.


by Best Lawyers

Isis Carballo-Irigoyen discusses discuss intergovernmental relations, opportunity zones, and why a move to Puerto Rico to ease your tax burden likely won’t be as simple as you might think.

An Interview With McConnell Valdés

Great Rebuild


by Best Lawyers

Néstor Méndez discusses labor peace, junk-bond repercussions, and the laudable resilience of those who call this storm-battered island home.

An Interview With Pietrantoni Méndez & Alvare

Why Cariola Díez Pérez-Cotapos Developed Its Own Legal Tech


by Best Lawyers

Juan Pablo Matus of Cariola Díez Pérez-Cotapos, 2019 "Law Firm of the Year" award for Corporate and M&A Law in Chile, discusses his firm's joint venture with Cognitiva in creating Lexnova, a legal AI system.

Cariola Díez Pérez-Cotapos Interview

Baraona Fischer & Cia on the Changes Coming to Tax Law in Chile


by Best Lawyers

Juan Manuel Baraona of the 2019 "Law Firm of the Year" award-winner for Tax Law in Chile discusses forthcoming regulations, career highlights, and his secrets to success in an interview with Best Lawyers CEO Phillip Greer.

Baraona Fischer & Cia LFOTY

Technology and the Changing IP Climate in Mexico


by Best Lawyers

Roberto Arochi discusses Arochi & Lindner’s 2019 “Law Firm of the Year” award for Intellectual Property Law in Mexico in an interview with Best Lawyers.

Arochi & Lindner "Law Firm of the Year" Q&A

Portugal Is Legislating Its Way to a Fairer Workplace


by Best Lawyers

Pedro Pardal Goulão of Morais Leitão discusses the big changes coming to Portugal in his "Law Firm of the Year" interview.

Gender Equality Law Portugal

Lecher Pays


by Ann E. Evanko and Katherine L. Wood

Can social change be sped up via legislation? A key provision of the recent tax-law overhaul, clearly written with #MeToo in mind, suggests it can.

Social Change Amid #MeToo

How PLMJ's Unique Structure Shapes Its Insolvency Practice


by Best Lawyers

A leading attorney with the 2019 "Law Firm of the Year" winner for Insolvency and Reorganization Law in Portugal speaks to Best Lawyers CEO Phillip Greer.

PLMJ "Law Firm of the Year" Interview

How AEQUO Is Embracing Legal Tech


by Best Lawyers

Anna Babych discusses AEQUO's 2019 Ukranian "Law Firm of the Year" award in Mergers & Acquisitions Law with Best Lawyers.

AEQUO "Law Firm of the Year" Interview

Thomas Thalhofer of Noerr on the Future of German IT Law


by Best Lawyers

Noerr received the 2019 "Law Firm of the Year" award for Information Tehcnology Law in Germany.

GDPR's Impact on German Business

Brexit


by Charles Cardon, Carmen Maria Mozun Munoz, Tiago Ferriera de Lemos, and Lia de Pessoa Negrao

Attorneys from France, Spain, and Portugal weigh in on the effects that Brexit may have on their respective countries.

Brexit

Cyber School


by Elizabeth S. Fitch and Theodore M. Schaer

Cybersecurity and the Claims and Litigation Management Alliance’s School of Cyber Claims

Cyber School

Announcing The Best Lawyers in Germany™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Germany.

Black, red and yellow stripes

Announcing The Best Lawyers in Switzerland™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Switzerland.

Red flag with white cross

Trending Articles

The Real Camille: An Interview with Johnny Depp’s Lawyer Camille Vasquez


by Rebecca Blackwell

Camille Vasquez, a young lawyer at Brown Rudnick, sat down with Best Lawyers CEO Phillip Greer to talk about her distinguished career, recently being named partner and what comes next for her.

Camille Vasquez in office

Announcing the 2022 Best Lawyers® in the United States


by Best Lawyers

The results include an elite field of top lawyers listed in the 28th Edition of The Best Lawyers in America® and in the 2nd Edition of Best Lawyers: Ones to Watch in America for 2022.

2022 Best Lawyers Listings for United States

Famous Songs Unprotected by Copyright Could Mean Royalties for Some


by Michael B. Fein

A guide to navigating copyright claims on famous songs.

Can I Sing "Happy Birthday" in Public?

Best Lawyers: Ones to Watch – The Future of Legal Talent Looks Bright


by Justin Smulison

Best Lawyers: Ones to Watch is launching its second edition in the United States, and after talking with both a company leader and esteemed lawyers on the list, the importance of this prestigious list is evident.

Best Lawyers: Ones to Watch in America 2022

Johnny Depp and Amber Heard: The Best Lawyers Honorees Behind the Litigation


by Gregory Sirico

Best Lawyers takes a look at the recognized legal talent representing Johnny Depp and Amber Heard in their ongoing defamation trial.

Lawyers for Johnny Depp and Amber Heard

Why Cariola Díez Pérez-Cotapos Developed Its Own Legal Tech


by Best Lawyers

Juan Pablo Matus of Cariola Díez Pérez-Cotapos, 2019 "Law Firm of the Year" award for Corporate and M&A Law in Chile, discusses his firm's joint venture with Cognitiva in creating Lexnova, a legal AI system.

Cariola Díez Pérez-Cotapos Interview

Choosing a Title Company: What a Seller Should Expect


by Roy D. Oppenheim

When it comes to choosing a title company, how much power exactly does a seller have?

Choosing the Title Company As Seller

Announcing the 2022 "Best Law Firms" Rankings


by Best Lawyers

The 2022 “Best Law Firms” publication includes all “Law Firm of the Year” recipients, national and metro Tier 1 ranked firms and editorial from thought leaders in the legal industry.

The 2022 Best Law Firms Awards

Announcing the 2022 Best Lawyers in Canada™


by Best Lawyers

The results include an elite field of top lawyers listed in the 16th Edition of The Best Lawyers in Canada™ and 1st Edition of Best Lawyers: Ones to Watch in Canada.

Announcing the 2022 Best Lawyers in Canada™

Education by Trial: Cultivating Legal Expertise in the Courtroom


by Margo Pierce

The intricacies of complex lawsuits require extensive knowledge of the legal precedent. But they also demand a high level of skill in every discipline needed to succeed at trial, such as analyzing technical reports and deposing expert witnesses.

Cultivating Legal Expertise in the Courtroom

Announcing The Best Lawyers in France™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from France.

Blue, white and red strips

Wage and Overtime Laws for Truck Drivers


by Greg Mansell

For truck drivers nationwide, underpayment and overtime violations are just the beginning of a long list of problems. Below we explore the wages you are entitled to but may not be receiving.

Truck Driver Wage and Overtime Laws in the US

Caffeine Overload and DUI Tests


by Daniel Taylor

While it might come as a surprise, the over-consumption of caffeine could trigger a false positive on a breathalyzer test.

Can Caffeine Cause You to Fail DUI Test?

Announcing the 2022 Best Lawyers™ in Australia


by Best Lawyers

The results include an elite field of top lawyers and firms.

Announcing the 2022 Best Lawyers™ in Australi

Announcing The Best Lawyers in Australia™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from Australia.

The Best Lawyers in Australia™ 2023

Announcing The Best Lawyers in The United Kingdom™ 2023


by Best Lawyers

The results include an elite field of top lawyers and firms from the United Kingdom.

The Best Lawyers in The United Kingdom 2023