Interest and Royalty Directive – 0% withholding tax
July 2013
The transitional period for Portugal regarding the Interest and Royalty Directive has ended. Consequently, the CIT Code was amended
Draft CIT reform – Participation exemption regime
October 2013
Portugal designs a true and complete “participation exemption” regime.
According to the Draft CIT reform, distributed profits and reserves (to a CIT taxable entity with head office or place of effective management in Portugal)