Portugal has published Ordinance No. 267/2021 of 26 November 2021, which revises the regulation of the procedures for advance pricing agreements (APAs). Overall, the APA procedures themselves are largely unchanged in terms of the required steps and timing, although certain adjustments are made that clarify different aspects of the procedures, update legislative references, etc.
One important change, however, is the maximum duration of an APA under the Ordinance has been extended from three …