close
Share with your friends

Portugal: Transfer pricing documentation, other measures effective 2020

Portugal: Transfer pricing documentation

Changes to the transfer pricing rules in Portugal will be effective 1 January 2020.

1000

Related content

Lei n.º 119/2019 introduces amendments to the transfer pricing rules beginning in 2020 including the following:

  • A requirement to submit transfer pricing documentation by those taxpayers that are subject to the jurisdiction of the large taxpayer unit (Unidade dos Grandes Contribuintes)—under these measures, the transfer pricing documentation is due by a date that is the 15th day of the seventh month following the end of the tax period.
  • Extension of advance pricing agreements (APAs) from the current three-year period to four years (this aligns with the rules under the OECD Transfer Pricing Guidelines).


Read a 2019 report (Portuguese) and (English) prepared by the KPMG member firm in Portugal

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal