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Portuguese Government To Access Taxpayers' Bank Records

by Ulrika Lomas, Tax-News.com, Brussels

23 October 2008


From January, 2009, the Portuguese tax authority (Direcção Geral dos Impostos – DGCI) will have access to the bank accounts of taxpayers who show “external signs of wealth.”

Article 89-A of the General Tax Law will allow government investigators to look at banking records, without authorization, in cases where it is suspected that declared income does not match an individual’s high standards of living.

This measure has been created to fight tax evasion and was included in the draft budget recently presented by the government.

Previously the tax authority could only access bank accounts with the permission of the taxpayer or, if refused, with a court order.


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