Portugal has announced several tax reform measures following the recent approval of its Budget for 2016 by the European Commission. The main measures include: The introduction of Country-by-Country (CbC) reporting requirements based on the guidelines developed as part of Action 13 of the OECD BEPS Project; Amendments to the patent box regime to bring it in line with the modified nexus approach developed as part of Action 5 of the OECD BEPS Project; A reduction in the required holding period for the participation exemption regime from 2 years to 1 year, and an increase in the required holding percentage from...