On 17 February 2021, amendments to Portugal's legislation on the provision of audiovisual media services entered into force. This includes two key changes: The exhibition levy, which is levied at a rate of 4% on the price paid for commercial audiovisual advertising in cinemas and television broadcasts, is extended to audiovisual advertising displayed via on-demand and video sharing platform services; and A new 1% annual levy is introduced for on-demand service operators on income derived from Portugal (the so-called Netflix tax), with exemptions for annual income below EUR 200,000 or low subscription (less than 0.5% of total subscribers). Regulations for...