The European Commission this Thursday gave Portugal two more months to implement the European Union (EU) directive on minimum levels of taxation for multinational companies and large national groups.
Council Directive (EU) 2022/2523 (Pillar Two Directive) requires a minimum effective tax rate of 15% of the tax charge for multinational corporate groups and large national groups in the EU.
Portugal, as well as Spain, Cyprus, Latvia, Lithuania and Poland, did not notify the Community Executive of the national measures to implement the directive, so this Thursday they received a reasoned opinion, which is the second stage of the infringement process. .
Lisbon now has two more months to comply with the directive, otherwise the case will be referred to the EU Court of Justice.
Author: Lusa
Source: CM Jornal
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