Portugal's Ministry of Finance is reportedly finalizing draft legislation to implement the disclosure requirements of Council Directive (EU) 2018/822 of 25 May 2018, otherwise known as DAC6 ({News-2018-06-13/A/2-previous coverage}). The Directive provides for the reporting of potentially aggressive cross-border tax-planning arrangements that primarily applies to intermediaries that design, market, organize, or manage the implementation of a reportable cross-border arrangement.
Further to cro…