The Secretary of State for Tax Affairs’ Office of Portugal published Decree no.254/2016-XXI (dated 12 December 2016) on 15 December 2016 which extends the deadline to submit the mandatory Country-by-Country (CbCR) notification for the fiscal year 2016 to 31 May 2017.
Accordingly every Portuguese constituent entity and permanent establishments of foreign entities in Portugal establishing part of a multinational group subject to the CbCR requirements is now required to notify electronically the Portuguese Tax Authorities about which entity of the group will be responsible file the Country-by-Country reporting notification on behalf of the group by 31 May 2017.
