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Portugal deposits its instrument of ratification for the Multilateral Convention

Instrument of ratification for the Multilateral Convent

The Multilateral Convention will enter into force on June 1st, 2020.

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On 28th February, Portugal deposited with the OECD its instrument of ratification for the Multilateral Convention.

Considering the above, the Multilateral Convention will enter into force on 1st June, 2020, producing its effects in the Conventions for the Avoidance of Double Taxation signed by Portugal on the first day of the year after its entry into force – i.e. 1st January, 2021.

For additional detail of the measures adopted, please refer to the OECD website.

© 2020 KPMG PORTUGAL – S.G.P.S., S.A., a Portuguese company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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