Portugal published Law No. 32/2019 in the 3 May 2019 edition of the Official Gazette. The law includes measures to comply with the EU Anti-Tax Avoidance Directive (ATAD), except for the hybrid mismatch rules. Given that several of Portugal's anti-avoidance rules were already generally in line with ATAD, the draft law does not include major changes but does include amendments to bring the rules further in line. This includes:
- The 30% of EBITDA interest deduction limitation rules, which are a…