Decree-Law No. 73/2023, of August 23, transposes into the domestic legislation the Directive (EU) 2021/2101 of European Parliament and of the Council, regarding the disclosure of information concerning income tax by certain companies and branches.
According to this legislation, certain companies and branches - multinational companies with revenues exceeding 750 million euros - are now required to disclosure the profits and income taxes associated with their activities in various jurisdictions where they operate.
This decree-law, which constitutes the seventh amendment to Decree-Law No. 158/2009 of July 13, comes into effect on August 24, 2023, and applies to periods starting on or after June 22, 2024.
