Executive summary
Portuguese Law nr. 24/2020 (Law 24/2020) was published in the Official Gazette on 6 July 2020 in order to transpose the Council Directive (EU) 2017/952 of 29 May 2017 (ATAD 2) and Council Directive (EU) 2016/1164 (ATAD 1) regarding hybrid mismatches.
The ATAD 1 was presented by the European Commission as part of the Anti-Tax Avoidance package in January 2016, to provide for coordinated implementation, across the European Union (EU), of a specific set of anti-tax av…