Disclosure of bank accounts over EUR 50,000
SÉRVULO PUBLICATIONS 11 Jan 2019
On 11 January 2019, the parliament approved the government's proposal to oblige banks to disclose to the tax administration bank accounts with a balance of over EUR 50,000 by 31 December 2018.
Under the proposal, banks have until 31 July 2019 to disclose the information.
The approved legislation is yet to be enacted by the President of the Republic and will be in force upon publication in the Official Gazette.
Rita Botelho Moniz
© 2019 IBFD. Originally published as Disclosure of bank accounts over EUR 50,000 approved (18 January 2019), News IBFD. Reproduced by permission.
