Portugal: Pillar Two - Extension of the deadline for filing the Model 62 return

This extension allows the submission of this return up to the last day of the 15th month following the end of the 2024 tax period, without any surcharges or penalties, covering entities whose period ended between 31 December 2024 and 31 March 2025, even where the end date falls on a non-working day.

In these terms, where the fiscal year coincides with the calendar year, the filing deadline will be 31 March 2026.

This decision also considers the need for coordination among the entities concerned and the importance of ensuring the quality of the declarative information provided, thereby preventing filing errors.

This return must be submitted electronically to the Portuguese Tax Authority in order to communicate the start date of application of the Global Minimum Tax Regime (RIMG), as established by Law no. 41/2024 of 8 November, which transposed Directive (EU) 2022/2523 (OECD Pillar 2), and which applies to constituent entities located in Portugal that are part of a multinational enterprise group or a large domestic group with annual revenues equal to or exceeding EUR 750,000,000, including the revenues of entities excluded from the RIMG, as presented in the consolidated financial statements of their ultimate parent entity in, at least, two of the four immediately preceding tax periods.

When this requirement is met for the 2024 fiscal year – the first period subject to the RIMG – this Model 62 return should have been submitted within 12 months following the end of the 2024 period, now extended as stated above to the 15th month following the end of that period.