New reporting obligation – Form 62 (Pillar 2 / GloBE)
Tax Alert
Following the publication of Ordinance no. 290/2025/1, Form 62 and the respective filling instructions have been approved under the Global Minimum Tax Regime (RIMG), enacted by Law no. 41/2024 of November 8, which transposes Directive (EU) 2022/2523 into Portuguese law.
This regime applies to constituent entities located in Portugal that are part of multinational groups or large domestic groups with annual revenues equal to or exceeding EUR 750,000,000 in the consolidated financial statements of the ultimate parent entity in at least two of the four preceding fiscal years.
Form 62 is intended to report:
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The beginning of the group’s scope under the regime, whether international or domestic;
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The status of the reporting entity (or designated local entity);
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The identification of the ultimate parent entity or the designated reporting entity and its jurisdiction.
Filing deadlines:
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The declaration must be filed electronically by the last day of the 9th month following the end of the fiscal year;
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For the first fiscal year covered (2024), for groups whose fiscal year coincides with the calendar year, the declaration may be filed until 31 December 2025.
Other relevant points:
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The declaration may be submitted by each constituent entity or by a designated local entity; in the latter case, the remaining entities in Portugal must electronically confirm this designation within 15 days of notification;
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If the designation is not confirmed, all entities will be required to file a new declaration within 15 days of notification or by the legal deadline, whichever is later;
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The declaration remains valid for subsequent years until relevant changes occur (e.g. group composition), in which case a new declaration must be submitted.
We recommend a timely assessment of the group’s situation in order to determine whether it falls within the scope of this regime and to plan the submission of the declaration within the legal deadlines.
We remain at your disposal to assist with the assessment, completion and filing of the declaration, as well as with the implementation of compliance procedures associated with this new regime.