Portugal's parliament reportedly adopted the 2016 Budget on 16 March 2016. One of the main tax related measure is the introduction of Country-by-Country (CbC) reporting requirements in line with the guidelines developed as part of Action 13 of the OECD BEPS Project. Although the final legislation is not yet available, the final requirements are not expected differ from the draft version, which include:
- The CbC reporting requirement will apply from the 2016 fiscal year;
- The content of the rep…