As from 4 May 2017 the Portuguese Tax Administration will publish on its website the overall amount of transfers made to offshore jurisdictions on an annual basis.

This list will include the amounts transferred, the reasons for the transfers and the type of transfer.

Further regulations shall be issued by the Government within a 3-months deadline. For more information contact us at info@ccsllegal.com.

[Photo: Kevin Ku, available at: unsplash.com]