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Portugal

12 August 2020

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Portugal Provides Deferral of Initial DAC6 Reporting

As previously reported, Portugal published Law 26/2020 in the Official Gazette on 21 July 2020, which provided for the implementation of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable tax arrangements, but without the optional deferral of DAC6 reporting by up to 6 months. The deferral has now been provided with the publication of Decree-Law No. 53/2020 on 11 August 2020, which amends Law 26/2020 to provide:

  • The deadline for reporting arrangements where the first step of implementation was taken in the period between 25 June 2018 and 30 June 2020 is 28 February 2021, instead of 31 August 2020;
  • The standard 30-day reporting period begins from 1 January 2021, including for reportable arrangements between 1 July and 31 December 2020; and
  • The deadline for the first periodic reporting of marketable arrangements is 30 April 2021.

The Decree-Law enters into force on 12 August 2020.

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