On the 29 of September 2016, a notice from the Secretary of State for Tax Affairs was published, postponing the deadline for Portuguese financial institutions to report financial information to the Portuguese Tax Authorities under article 7 of the Financial Information Reporting Regime (RCIF), until the entry into force of the regulations foreseen under its article 16.
This is the sixth postponement of the reporting deadline. The initial reporting deadline established in article 9 of RCIF was 31 July 2015.
In accordance with the notice, the regulations complementary to the FATCA IGA, signed on the 6th August 2015, are still following the required procedures for their promulgation and entry into force, reason why they have not yet been published.
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