The reporting deadline for Portuguese financial institutions to communicate information required under the FATCA regime to the Portuguese tax authorities has been extended to 31 December 2015.
The FATCA deadline was extended by a 30 November 2015 order. This is the second time that the FATCA reporting deadline has been extended. It was previously extended from 31 July to 30 November 2015.
The FATCA reporting deadline has been extended even though Portugal and the United States have already signed an intergovernmental agreement (IGA). The IGA has not yet been approved and ratified so to allow for its entry into force, and implementing legislation has not been enacted in Portugal to allow for the reporting by financial institutions under the FATCA regime.
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