Skip to content

Portugal Introduces New MNE Reporting Requirement: Modelo 62

Modelo 62 is here: Portugal's new reporting requirement for multinational enterprise groups. Understand the changes and ensure compliance to avoid potential penalties.

In this image there are group of people sitting in chairs by holding a papers in their hand by...
In this image there are group of people sitting in chairs by holding a papers in their hand by wearing a ID card , at the back ground there are pillars, lights, speakers, chairs.

Portugal Introduces New MNE Reporting Requirement: Modelo 62

Portugal's Ministry of Finance has introduced a new reporting requirement for multinational enterprise (MNE) groups. The Modelo 62 declaration, approved on 2 September 2025, is the first step in complying with the EU's Minimum Tax Directive under Pillar Two.

The declaration, effective for fiscal years starting in 2024, mandates that constituent entities identify the reporting and ultimate parent entities. This includes providing the parent entity's tax identification number and address. The deadline for submission is nine months after the fiscal year's end, with a final date of 31 December for groups using the calendar year reporting period.

If there's no qualified information exchange agreement, the declaration must also be submitted in Portugal. Affected entities are urged to assess the impact, ensure compliance readiness, and consult with tax advisors to navigate the complexities of the Pillar Two tax regime effectively. Groups can opt to submit a single Modelo 62 form through a designated local entity, requiring electronic confirmation from other entities.

The introduction of Modelo 62 marks a significant change for MNE groups in Portugal. It's crucial for affected entities to understand and comply with the new reporting requirements to avoid potential penalties. While the exact impact remains to be seen, expert consultation is recommended to ensure a smooth transition.

Read also:

Latest