Portugal

Europe ⋅ OECD Member ⋅ Fully Adopted and Final Rules

new account self-certification collection start on

1 January 2026

first reportable year

2026

FIRST filing DEADLINE

31 May 2027

REGISTRATION DEADLINE

31 December 2026

Due Diligence Standards

Self-Cert Collection - New Accounts

1 January 2026

Self-Cert Collection - Pre-existing Accounts

Must be collected by 1 January 2027

Record Retention Period

5 years

Local Information Collection and Reporting Requirements

TINs (NIFs) must be verified by a tool provided by the EU.

Penalty Framework

Failure to register or report: Fine of €2,000 to €22,500
Late reporting: Fine of €1,000 to €22,500
Failure to apply due diligence or retain records: Fine of €1,000 to €22,500
Omissions or inaccuracies in reports: Fine of €500 to €11,250
Revocation of Registration: After two reminder notices, the AT can revoke a provider's registration

Effortless CARF Compliance

Service providers who are likely in scope of the CARF reporting requirements are invited to get in touch with Taxbit for further information.

Our team of compliance experts can help walk through your jurisdiction-specific reporting requirements and best practices for operational readiness.

Jurisdiction Selector

See how CARF implementation varies across jurisdictions

Portugal