Beware of automatic information transfer
In accordance with the Directive 2011/16/EU regarding the automatic and obligatory exchange of information in the field of taxation, the exchange of information between the Portuguese and French authorities can take place upon request of either authority.
What is information exchange?
In order to strengthen cooperation between tax administrations, some 100 countries, including France, have committed to automatic exchanges of information on financial accounts held by non-residents.
This device has been...