Simplified Company Information

The IES – Simplified Company Information was unveiled on 30th April 2007, making it possible for the first time to send a single electronic declaration by the internet with four pieces of information that had previously had to be given to four different bodies: the annual accounts and tax information declaration for the Tax Office, the records of accounts to be handed to the Commercial Records Office and the information for statistical purposes for the INE (Portuguese Statistics Office) and the Bank of Portugal. Companies therefore no longer need to go to these bodies’ premises, cutting the very costs for presenting accounts and scrapping the requirement for these documents to be delivered in paper format. At the same time the thoroughness, consistency and transparency of the information given have increased.