Portuguese tax authorities update forms to apply tax relief at source under existing tax treaties
Portugal taxes dividends and interests paid to non-resident investors at a tax rate of 25%.
The double tax treaty between Portugal and Hong Kong reduce the withholding tax on
Interests paid to Hong Kong tax residents to 10%
Impact on Hong Kong tax residents investing into Portuguese businesses
With immediate effect, Hong Kong based investors shall use the update form
MOD.21-RFI to apply for total or partial exemption from Portuguese withholding tax; or
MOD.22-RFI to claim for repayment of Portuguese tax on dividends from shares and interests from debt securities.
Please be aware, that form MOD.21-RFI is valid for a maximum period of one year.
 PWC Worldwide Tax Summaries Online  The lower of the listed rates on dividends applies if the beneficial owner is a company (other than a partnership) that directly holds at least 10% of the capital of the company paying the dividends.  PWC Worldwide Tax Summaries Online