#2018-7Amendment to France-Portugal Tax Convention
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law revises the tax treaty between France and Portugal, aiming to prevent double taxation and enhance administrative cooperation on income taxes. It updates which taxes are covered and outlines clear procedures for tax information exchange and recovery assistance.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Expands scope to include local and territorial taxes
- Updates definitions of competent authorities in both countries
- Enhances the exchange of tax information and mutual assistance in tax collection
Obligations
What this law requires
Competent authorities must exchange information that is likely relevant for applying the convention or administering tax legislation between France and Portugal
Information received under the convention must be kept confidential and only communicated to persons or authorities concerned with establishment, collection, procedures, or appeals regarding covered taxes
Persons or authorities receiving exchanged information must use it exclusively for tax establishment, collection, procedures, appeals, or control purposes, except when both states' laws permit other uses and the source state authorizes such use
When information is requested under Article 27, the requested state must use its available powers to obtain the requested information, even if not needed for its own fiscal purposes, except where limitations apply
States cannot refuse to provide information solely because it is held by banks, financial institutions, agents, trustees, or because it relates to property ownership rights