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
to incorporate the exemption from withholding tax on interest and royalties due or paid by Portuguese resident entities to entities situated in another Member State. The remainder requirements and formalities to apply the Directive should be met.
The amendments to the CIT Code are effective as from 1 July 2013.