Portugal adopts Pillar Two rules

18 October 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, Global, BEPS 2.0|Portugal

Portugal has now implemented the EU Minimum Tax Directive, introducing into domestic legislation a global minimum tax of 15% for large-scale multinational and domestic groups.
The legislation includes an Income Inclusion Rule and a Qualified Domestic Minimum Top-up Tax, both applicable to tax years beginning on or after 1 January 2024, as well as an Undertaxed Profits Rule, applicable to tax years beginning on or after 1 January 2025.

Executive summary

Portugal introduced into domestic legis…

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