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Portugal adopts Pillar Two rules

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Portugal

  • Portugal has now implemented the EU Minimum Tax Directive, introducing into domestic legislation a global minimum tax of 15% for large-scale multinational and domestic groups.
  • The legislation includes an Income Inclusion Rule and a Qualified Domestic Minimum Top-up Tax, both applicable to tax years beginning on or after 1 January 2024, as well as an Undertaxed Profits Rule, applicable to tax years …

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