Portugal: Corporate Income Tax Reform ratified and published
The Corporate Income Tax Reform has been ratified by the President of Portugal and published in Diário da Républica on 16 January 2014, under Law 2/2014.
This is further to our Announcement L13145, dated 23 October 2013.
Impact on the tax procedure
The main change impacting our current procedure is linked to the measure to simplify the formalities for application of tax treaty benefits.
Formerly it was required to submit specific treaty forms (Mod. 21-RFI, Mod. 22-RFI etc.) duly certified by the local tax authorities of the country of residence of the beneficiary of the income. It will now be sufficient, for tax treaty entitlement, to submit a document issued by the tax authorities of the other Contracting State attesting residence for tax purposes during the period in question and liability to income tax in that State.
Note: RFI forms still need to be completed but no longer require certification from the beneficial owner’s local tax authorities.
Further information
For further information, customers may contact the Clearstream Banking1 Tax Help Desk on:
| Luxembourg | Frankfurt | |
| Email: | tax@clearstream.com | tax@clearstream.com |
| Telephone: | +352-243-32835 | +49-(0) 69-2 11-1 3821 |
| Fax: | +352-243-632835 | +49-(0) 69-2 11-61 3821 |
or Clearstream Banking Customer Service or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500 (CBF) and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248 (CBL).
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