Portuguese tax authority must keep offshores’ data online for four years

Page created: Wednesday, 16 August 2017 14:57 GMT


Decree order regulating the publication of statistical data on offshore transfers has been published in the Portuguese Official Journal this Monday.

In May, a change to the General Tax Law (Lei Geral Tributária) determined the yearly publication of the overall amount and destination of the transfer and funds sent to territories which have a privileged taxation regime. In addition, it defined that the yearly report to be presented in Parliament by the end of June, on the evolution of the fight against fraud and tax evasion, should include the evolution of these transfers and the result of actions on the matter.