Madeira: Double Tax Treaties
Other International Treaties
This page was last updated on 16 Oct 2018.
Mutual Assistance Treaties: Portugal has entered a number of mutual assistance treaties as such. In addition, double tax treaties usually provide for co-operation with foreign investigators, and some contain exchange of information clauses. There are also EU Directives which apply.
By and large these agreements and the directives cover drug and weapon trafficking, as well as money laundering, which is also covered in Portugal's Banking Secrecy Law.
Financial crime is not covered by Portugal's international agreements, nor by the Banking Secrecy Act. The authorities do not normally co-operate with foreign investigations into tax evasion.
In February 2017, Portugal signed tax information exchange agreements (TIEAs) with the following jurisdictions: Andorra, Antigua and Barbuda, Belize, Bermuda, British Virgin Islands, Cayman Islands, Dominica, Gibraltar, Guernsey, the Isle of Man, Jersey, Liberia, St. Kitts and Nevis, St. Lucia and the Turks and Caicos Islands. As a result of this, these 15 jurisdictions were removed from Portugal’s blacklist of offshore territories.