Transposition of the Directives regarding Administrative Cooperation in Tax Matters
It was published today the law transposing into the Portuguese legal system the European Union Directives on administrative cooperation in the field of taxation.
The legislation introduces a comprehensive framework for the automatic exchange of information on crypto-assets, extending due diligence and reporting obligations to crypto-asset service providers. It also establishes mandatory automatic exchange of information relating to top-up tax returns under the Global Minimum Tax.
To this end, the law amends, among other instruments:
- the Personal Income Tax Code (Código do IRS);
- the General Framework for Tax Offences (RGIT);
- Decree-Law 61/2013 of 10 May concerning the administrative cooperation in tax matters; and
- the Global Minimum Tax Regime (RIMG).
The legislation takes effect from 1 January 2026, with the exception of certain provisions relating to tax identification numbers, which take effect from 1 January 2028 and 1 January 2030.
These changes will be the subject of a detailed analysis by CCSL’s Tax team, which we will share shortly. For further information, please contact us at jcg@ccsllegal.com
[Photo by: Mikhail Pavstyuk, available at unsplash.com]