28 July 2020
Portugal published Law 26/2020 in the Official Gazette on 21 July 2020, which provides for the implementation of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable tax arrangements. The law entered into force on 22 July and is effective from 1 July 2020.
As previously reported, because the law was approved in parliament before the approval of the optional deferral of DAC6 reporting in the EU by up to 6 months, such deferral is not provided for in the law. However, it is expected that Portugal will implement the deferral as provided by most of the other EU Member States. Further developments in this regard will be reported once available.
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