This consultation process has now been completed.
Date
-
Consultation Type
Exposure Draft
Key Documents
We welcome comments on draft legislation and explanatory materials that:
- introduce a new tax treaty between Australia and Portugal
- amend explanatory notes in the International Tax Agreements Act 1953.
The treaty supports bilateral trade and investment and reduces double taxation by:
- lowering withholding tax rates on cross‑border:
- interest
- dividends
- royalty payments
- implementing base erosion and profit shifting (BEPS) recommendations.
Australia and Portugal signed the treaty on 30 November 2023. The treaty will apply after both countries exchange instruments of ratification.