CMS Expert Guide to Mastering OECD's Pillar Two in Portugal
Key stages in the introduction of global minimum taxation
12 Dec 2023
International
1 min read Comparable
- Has there been a formal indication of the intention to implement Pillar Two/GloBE rules?
- What is the implementation status of Pillar Two/GloBE rules?
- Have your tax authorities published guidelines commenting on Pillar Two/GloBE rules?
- When will the Income Inclusion Rule (IIR) come into force?
- When will the Undertaxed Payments Rule (UTPR) come into force?
- Is there any intention to implement a Qualifying Domestic Minimum Top-Up Tax (QDMTT)? If so, when?
- Further comments
jurisdiction
1.Has there been a formal indication of the intention to implement Pillar Two/GloBE rules?
Yes.
2. What is the implementation status of Pillar Two/GloBE rules?
Pending implementation of the EU directive – before 1 January 2024.
3. Have your tax authorities published guidelines commenting on Pillar Two/GloBE rules?
No information available.
4. When will the Income Inclusion Rule (IIR) come into force?
2024.
5. When will the Undertaxed Payments Rule (UTPR) come into force?
2025.
6. Is there any intention to implement a Qualifying Domestic Minimum Top-Up Tax (QDMTT)? If so, when?
Undetermined.
7. Further comments
Considering the upcoming 2024 National Budget discussion, it is possible that draft legislation is included in the legislation package to be presented before the Portuguese Parliament for discussion.
Last updated · 12 Dec 2023
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