The Global Minimum Tax Regime (RIMG), approved by Law No. 41/2024 of November 8, implements in Portugal the EU Directive 2022/2523 – OECD Pillar 2, establishing a 15% effective minimum tax for multinational groups and large domestic groups with a consolidated annual turnover equal to or greater than €750 million.
The regime ensures that large groups are taxed consistently, regardless of the jurisdiction in which they operate, monitoring the global taxation of each group.
Model 62 – Registration Statement requires affected groups to:
- Report on the start of RIMG application.
- Identify the ultimate parent entity or designated entity, including the relevant jurisdiction.
- Submit the statement electronically to the Tax Authority (AT).
The statement must cover all constituent entities located in Portugal that are part of a multinational group or a large domestic group with consolidated annual revenues equal to or above €750,000,000, including entities excluded from the RIMG, based on the consolidated financial statements of the ultimate parent entity in at least two of the four immediately preceding fiscal years.
Extension of the Submission Deadline
Due to delays in the availability of the electronic application on the Portal das Finanças, the Portuguese Government has extended the submission deadline for Model 62:
- The new deadline is the last day of the 15th month after the end of the 2024 fiscal year.
- This extension applies without penalties or additional charges, including for entities whose fiscal year ends between December 31, 2024, and March 31, 2025, even if the end date falls on a non-business day.
- For groups whose fiscal year coincides with the calendar year, the deadline is extended from December 31, 2025, to March 31, 2026.
- The extension ensures additional time to guarantee the quality and accuracy of the reporting information, preventing filing errors.
With the extension until March 31, 2026, groups have additional time to prepare their statements, but should not delay the process, ensuring submission is accurate and fully compliant with the law.
At Belzuz Advogados, S.L.P., Branch in Portugal, we provide specialized advisory services for interpreting and complying with RIMG obligations, as well as for the accurate and secure preparation and submission of Model 62.