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16 December 2016

Portugal extends deadline for Country-by-Country reporting notification filing

Portugal's Secretary of State for Tax Affairs' Office published Decree no.254/2016-XXI on December 15, stating that the deadline to submit the mandatory Country-by-Country (CbCR) notification, with reference to the fiscal year 2016, has been extended to the last day of May 2017. Multinational companies based in Portugal are now granted five additional months to file their first CbCR notifications to the Portuguese Tax Authorities. According to the Secretary of State for Tax Affairs' Office, not all the technical conditions required to file the CbCR notification by the previously set deadline of December 31, 2016 were met.

A Tax Alert prepared by Ernst & Young Portugal, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2152

Document ID: 2016-2152

 

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