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Portugal 2016 Budget Law Published

07 April 2016

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Approved Changes

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Portugal

On 30 March 2016, Portugal published the 2016 Budget Law (Law n.º 7-A/2016) in the Official Gazette. The main tax-related measures of the budget are summarized as follows. CbC Reporting Country-by-Country (CbC) reporting requirements are introduced for fiscal years beginning on or after 1 January 2016 for MNE groups meeting a consolidated group revenue threshold of EUR 750 million in the previous year. The new requirements are in line with the guidelines developed as part of Action 13 of the OECD BEPS Project. Click the following link for {News-2016-03-22/A/3- previous coverage of Portugal's CbC requirements}. Patent Box Regime The Budget...