Portugal updated its tax havens blacklist through Order no. 345-A/2016 of December 30. This updated removes Jersey, Isle of Man and Uruguay from the list of territories deemed automatically as tax havens. It is important to note that under Portuguese law, “tax haven” qualification may also be granted according to other material criteria (even if the territory is not in blacklisted). No countries were added.
[Photo: Pedro Lastra, available at: unsplash.com]