Wednesday, November 20, 2019
Express News
Relevant changes in Portuguese Transfer Pricing regime
Relevant changes in Portuguese Transfer Pricing regime (in force since 31st October 2019):
- Compulsory disclosure of group economic restructuration or reorganization in the Transfer Pricing Report
- No Transfer Pricing methods hierarchy
- Higher level of detail when submitting data regarding domestic intragroup transactions
- Compulsory delivery of Transfer Pricing documentation for entities under Large Taxpayers Unit
- Penalties: € 1.000 to € 20.000 plus 5% for each day of delay in fulfilling TP obligations
More information contact us
João Aranha
Partner
jaranha@bakertilly.pt