The draft law for Portugal's 2021 Budget was submitted in parliament on 12 October 2020. Some of the key tax-related measures include the adoption of new rules on permanent establishments (PEs) in line with the latest OECD standards, summarized as follows:
- The extension of the rules on the attribution of profits to a PE to provide that income derived by a non-resident from the sale of goods or activities carried out that are identical or similar to those sold/carried out by a PE in Portugal …