Firms To Watch: Tax

Led by the ‘very experiencedJoana Cunha d’Almeida, Antas da Cunha Ecija's tax department continues to grow in number of clients and mandates; key areas of strength for the team include corporate restructuring and tax planning in the context of real estate investments and business transactions.

Tax in Portugal

Abreu Advogados

Fielding a tax team of ‘true specialists with strong market knowledge', Abreu Advogados stands out for its track record in some of the most consequential transactions taking place in the corporate arena. Besides its strong capabilities in transactional tax mandates, the practice is also noted for its proficiency in international taxation, regulatory matters and tax litigation. Other areas of expertise include green taxes, including renewable energy, digital assets and blockchain technology taxation. The full-service group is jointly led by Alexandra Courela, who specialises in transactional tax, with a special focus on corporate and real estate deals, and Nuno Cunha Barnabé, who is regularly instructed by private clients. Tax controversy work is overseen by Maria Dulce Soares and Mariana Gouveia de Oliveira, both of whom also advise on indirect tax matters.

Practice head(s):

Alexandra Courela; Nuno Cunha Barnabé

Other key lawyers:

Maria Dulce Soares; Mariana Gouveia de Oliveira; Susana Duarte; Sara Soares


‘Portuguese firm with very good knowledge of international tax law. Client-oriented advice and fair pricing.’

Since the beginning, our company has been able to highlight with satisfaction the quality of the services provided by Abreu Advogados, namely legal services and consultancy in Tax Law.’

‘We want to highlight the extraordinary dynamics of the company’s Tax Law team, with special focus on partner Alexandra Courela, who is very decisive and confident and with technical knowledge at a level above what we know in the rest of the market. Equally very good and clearly above average, we also want to highlight the knowledge, responsiveness and availability of Susana Duarte.’

‘True specialists with strong market knowledge. Knowledgeable, innovative and business-minded. Interested in the client’s values, dedicated and reachable.’

‘Nuno Cunha Barnabé is a very experienced partner. He understands the practical requirements of the client and combines this with comprehensive knowledge and experience to deliver high-quality advices. He is definitively a stellar lawyer.’

‘We have been working with Abreu Advogados for many years, which helps in the relationship between the parties, as the knowledge they already have about the client is fundamental for this professional relationship between the parties.’

‘Good ability to understand the problem and point out solutions. Our matter was definitively resolved by Abreu Advogados in close dialogue with the tax authority, notary and the other party.’

‘We have very much felt that we were working with people who care and not a large firm trying to generate billable hours. They have been very knowledgable and responsive to our inquiries across a wide range of tax topics.’

Key clients


Marques Distribuição, SGPS, S.A.

Kinda Home

Chint Solar


PT Ventures, SGPS, SA

Bristol-Myers Squibb



Work highlights

  • Assisted Total in the analysis of tax contingencies, notably for purposes of direct taxation and stamp duty, considering the Mozambican tax, public and civil law and specific legislation applicable to a project.


Cuatrecasas has ‘a very strong all-round Portuguese tax practice, with an unrivalled depth of experience’. The top-notch tax practice is well placed to advise on the tax planning of the most complex, high-profile M&A, financing and capital markets transactions taking place in the market, but showcases equal strength in tax controversy matters, including administrative and judicial claims. Assisting private clients in tax planning strategies also features in the workload, which is further populated by mandates related to international and indirect taxes. With over three decades of experience in EU, national and international taxation, department head Diogo Ortigão Ramos is highly regarded in the market. Pedro Vidal Matos ‘is a very strong technical practitioner', who focuses on administrative and judicial litigation. Gonçalo Bastos Lopes is recommended for his ‘creativity in thinking of multi-jurisdictional issues'. At the non-partner level, Ana Helena Farinha has a keen focus on corporate income tax, while Marta Duarte Silva is noted for acting for private clients and advising on financial and income tax.

Practice head(s):

Diogo Ortigão Ramos

Other key lawyers:

Pedro Vidal Matos; Gonçalo Bastos Lopes; Marta Duarte Silva; Ana Helena Farinha


‘Pedro Vital Mantos and Ana Helena Farinha, in particular, are always available to discuss any tax matter and put things in simple terms so everyone understands the steps that need to be taken in order to meet our tax deadline and be compliant with the tax regulation in Portugal.’

‘Gonçalo Bastos is really client-driven and provides balanced advice i.e. putting himself in his clients’ shoes and assisting them side-by-side in the way a trusted advisor would do.’

‘Their knowledge of Portuguese legislation and the contacts with fiscal authorities make their advice very valuable for entities which are being managed from outside of Portugal.’

‘Diogo Ortigão is available to clarify any item we need, knowing how to prioritise even when he is involved in several projects at the same time. His professionalism makes him a highly reliable person.’

‘Cuatrecasas have a very strong all-round Portuguese tax practice, with an unrivalled depth of experience.’

‘Pedro Vidal Matos is a very strong technical practitioner who always presents his advice in an extremely user-friendly way. Diogo Ortigão Ramos is also highly recommended.’

‘The reasons I choose them include: deep knowledge of Portuguese tax laws, anticipation, very high standards, true understanding of clients’ needs, responsiveness, large teams, involved partners.’

‘Gonçalo Bastos Lopes has very good technical skills, and is at the same time very accessible; his ability to explain Portuguese tax concepts stands out, as does his creativity in thinking of multi-jurisdictional issues. He is very pragmatic and very accurate. He is also very business-friendly.’

Key clients

















Work highlights

  • Advised Chocolates Valor on the tax structuring of the acquisition of Imperial, the largest Portuguese chocolate producer.
  • Assisted Lighthouse Capital in the innovative conversion of a Portuguese real estate company into a SICAFI, making use of new legal, regulatory and tax regimes.
  • Assisted SERVDEBT GROUP in the structuring of the development and transfer of an innovative IP asset, as well as with the subsequent setting up of the corresponding business activity in a different jurisdiction.


Acting for a varied roster of clients, Garrigues' tax team is highlighted for its in-depth knowledge, breadth of service and standalone work in the field. The team proves popular among banking, real estate and insurance companies, who regularly turn to the tax team for assistance in high-profile transactions and litigation. Highlighted for the ‘technical knowledge, background, evolution and innovation of its team’, the firm further demonstrates strength in VAT, transfer pricing, compliance matters and multi-jurisdictional work. Co-heads Pedro Miguel Braz and Miguel Cortez Pimentel ‘are true tax encyclopaedias'; Braz specialises in tax disputes while Pimentel - who rejoined the firm in 2021 and has a strong background in tax policy - is the name to note for transactional matters and international taxation. Fellow co-leader Fernando Castro Silva is a reference in the market for corporate taxation, indirect tax and litigation. Other key individuals include Isabel Vieira Dos Reis, who primarily focuses on indirect tax, and Ana Isabel Batista, a name to note for cross-border due diligence and real estate transactions.

Practice head(s):

Pedro Miguel Braz; Fernando Castro Silva; Miguel Cortez Pimentel

Other key lawyers:

Isabel Vieira dos Reis; Ana Isabel Batista; José Diogo Mègre Pires


We work with Garrigues in the area of Tax, both in terms of tax litigation with the Tax Authority and in terms of tax advice. Both teams work exceptionally, with high professionalism and dedication, allowing for high levels of confidence in the advice provided. Garrigues is the firm that best serves our interests in matters of taxation.’

‘The Tax department is the best there can be in Portugal. Very efficient and with very adjusted fees.’

‘Pedro Miguel Braz and Miguel Cortez Pimentel are true tax encyclopaedias and always pay great attention to the client.’

‘We work essentially with two partners, Fernando Castro Silva and Pedro Miguel Braz. The most valued qualities are the wisdom they have on the various tax issues, the way of analysing and solving problems.. They are a team of excellence.’

‘I highlight Pedro Miguel Braz for his high technical and strategic competence (in procedural terms).’

‘The service provided by Garrigues in terms of transfer pricing has been of superior quality and competes perfectly with the largest consultants in the market, both in terms of know-how and in terms of fees. The technical knowledge, background, evolution and innovation of its team has stood out in the market and in an eco-system of law firms, offering a more advanced service than other companies. Use of a technological platform for sharing work documentation, and a team always available in contact and collaborative in carrying out the work, which stands out in the transfer pricing sector.’

‘Miguel Pimentel advised us, carrying out his duties with high professionalism and dedication.’

‘The team is excellent, always ready to help at any time and responding correctly and quickly.’

Key clients

Clearstream Banking

BNP Paribas Financial Services

Banco Santander Totta, S.A.





Work highlights

  • Provided tax advice to JAMESTOWN on the acquisition of Entreposto, one of Lisbon landmark buildings.
  • Provided tax assistance to LIFENTO on the acquisition of a Portuguese real estate company and on conversion into a corporate fund structure (REIC).
  • Advised Clearstream Banking on its migration of T2S-eligible securities to CBF Banking.

Morais Leitão, Galvão Teles, Soares da Silva & Associados

The sizeable tax team at Morais Leitão, Galvão Teles, Soares da Silva & Associados enjoys a stellar reputation in the market, boasting an impressive full-service offering and a track record in high-value corporate transactions, litigation and transfer pricing. Major domestic listed companies and foreign multinationals operating in a range of sectors, financial services players, investment funds as well as public institutions and private clients routinely instruct the team on complex and oftentimes multi-jurisdictional tax matters. The tax department – whose depth ‘is outstanding and unmatched’ – is now chaired by António Pedro Braga in Porto and Lisbon-based partner Bruno Santiago. Braga is counsel of choice for financial, industrial and commercial clients, while Santiago, who focuses on non-contentious issues and tax litigation, is a name to note for matters involving Angola and Mozambique. Francisco de Sousa da Câmara ‘is a reference in the market and a true star of the legal profession in this field‘; he has a wealth of experience in tax arbitration. Based in the Porto office, António Lobo Xavier brings expertise in double taxation, VAT and corporate income tax. The firm was further strengthened in October 2021 by the arrival of tax expert and consultant Ricardo Seabra Moura.

Other key lawyers:

Francisco de Sousa da Câmara; António Lobo Xavier; Paulo Núncio; António Queiroz Martins; Ricardo Seabra Moura


The team is characterised by availability, interest and solid knowledge in the topics covered and in supporting the project. In the fiscal area, they were innovative in the proposed solutions, demonstrating that they have always up-to-date technical knowledge.

‘Bruno Santiago – technical quality, knowledge, thoughtfulness, and client relationship.’

‘Francisco Sousa da Câmara – in addition to the great technical skills that characterise him, we highlight a special human component and technical sensitivity.’

‘António Lobo Xavier- knowledge, experience, genuine willingness to help, proximity, involvement and responsibility.’

‘The general level of service is excellent as they have a team that shows: good in-depth knowledge and understanding of the legal framework; high technical competence; professionalism; great negotiation skills and a particular ability to reach consensus solutions, placing the client’s interest at the centre of the analysis and resolution of each problem; an integrated vision and analysis of themes, covering the various specialties of law; the team is always available and able to give their opinion and work within demanding deadlines.’

‘In my opinion, Morais Leitão has the leading tax department of all Portuguese law firms. The depth of the team is outstanding and unmatched.’

‘Francisco de Sousa da Câmara is a reference in the market and a true star of the legal profession in this field. Bruno Santiago is clearly the most prepared tax partner in the firm and leading lawyer in high stakes litigation. The true hidden gem of the department is António Queiroz Martins, who is clearly at a young age a wildcard to become one of the leading Portuguese tax lawyers.’

Key clients


EDP Energias de Portugal

GALP Energia, S.A.

Deutsche Bank – Sucursal em Portugal

Sonae Sierra

Mota-Engil SGPS, S.A.

Sonae Sierra

Santander Consumer

Amorim SGPS, S.A.

JMR Gestão Retalho SGPS

Grupo Porma

Work highlights

  • Represented Pontegadea in the acquisition of a 12% stake in REN (the Portuguese entity that has the concession of the national grid of energy) from Oman Oil.
  • Led the drafting and presentation of an Advance Pricing Agreement to the Portuguese Tax Authorities on behalf of Somincor, providing tax and legal guidance during the several negotiation rounds.
  • Engaged as tax advisor for Sonae Sierra in the structuring of its development project of Tower III.


Highly reputable firm‘ PLMJ houses an ‘extremely professional team with extensive experience in tax matters‘. Its practitioners are seen with great regularity handling the tax implications of myriad market-leading deals for a huge variety of clients, including blue-chip companies, banks and high-profile family offices. On the non-contentious side, the practice is particularly seasoned in cross-border corporate restructuring, private equity, M&A, banking and real estate deals, as well as international wealth planning. High-profile tax litigation is another area of focus for the team. In Lisbon, practice head Serena Cabrita Neto ‘stands out for her knowledge‘, ‘especially in the area of tax litigation‘. Singled out for his transactional tax expertise, Isaque Ramos is also noted.

Practice head(s):

Serena Cabrita Neto

Other key lawyers:

Isaque Ramos


‘PLMJ’s team is exceptional. It is a partnership, and a department that anticipates client needs, gets involved in their business, and manages to be an effective business partner. PLMJ, and its tax team, manages to bring innovative solutions, even in delicate contexts and with tight deadlines, decisively contributing to the creation of value for its clients. Serena Cabrita and her team are agile, 100% available, and always committed to the result to be achieved.’

‘Serena Cabrita stands out for her knowledge, “outside the box” thinking, involvement in defining strategy, and personal values that she always demonstrates.’

‘Highly reputable firm with an extremely professional team with extensive experience in tax matters. It is a team that is always available, providing the support sought by the client in a very efficient, timely and assertive way. The services provided by the team are of high quality and rigour. The team establishes a relationship of trust and proximity with the client. Whenever it is necessary to involve other areas of specialisation, other teams are quickly involved, demonstrating the expected professionalism and support in different matters.’

‘Particular recommendation for Serena Neto. Very professional lawyer with in-depth knowledge of the matters. We also value her availability, supporting the various questions asked on time and without any delay in the agreed deadlines. Also noteworthy is the extreme friendliness, proximity and trust that are established with the client.’

‘PLMJ stands out for its great capacity to adapt to the client’s needs, but even more importantly for anticipating the best option for the client, as a result of the in-depth knowledge it has and invests in its relationship with the client.’

‘Serena Cabrita Neto embodies what PLMJ is: dedication, determination, great professionalism, competence, always exceeding the set goals, sympathy and empathy,’

‘As strengths, I highlight the knowledge of the matters, the speed of response, the decoding of information for the client who is outside of the legal world and, most important of all, the very dedicated follow-up on matters.’

‘PLMJ’s tax team has an in-depth knowledge of all areas of tax law, providing its clients with solutions to the issues in which they are called to intervene. They have a unique experience in various sectors of activity. Serena Neto – Strong and recognised expertise in all areas of law, especially in the area of tax litigation. Available, empathetic, professional and ethical rigour.’

Key clients

Galp Energia

Philip Morris International (Portugal)


TAP – Transportes Aéreos Portugueses


Pernod-Ricard Portugal


Haitong Bank

H.B. Fuller

Montepio Crédito

Ach Brito & CA

David Kempner / Pioneer


Work highlights

  • Advising Iberdrola on several intra-group tax issues involving the client’s branch which is managing the construction and development of three dams and hydroelectric power plants in Portugal.
  • Advising TAP on a complex transaction for the granting of state aid.
  • Advising RWE on the sale of a portfolio of 19 small-scale hydropower stations in France as well its Portuguese onshore wind interests to KELAG, an Austrian energy utility company.

Uría Menéndez – Proença Carvalho

Uría Menéndez – Proença Carvalho is the ‘first choice in matters of greater complexity‘ for many clients, including real estate players, financial entities, venture capital funds, banks, domestic and multinational companies, and high-net worth individuals. The team manages an impressive non-contentious workload that features high-profile strategic and distressed M&A, private equity deals, corporate restructurings and major capital markets and financing transactions. On the disputes front, the department stands out for its involvement in landmark cases, with a special focus on tax arbitration and judicial claims related to corporate income tax and VAT assessments. Leading the team, Filipe Romão maintains a broad practice covering transactional work, tax benefits, international tax planning and disputes. Key support is also provided by Marta Pontes and Cláudia Reis Duarte, both of whom are seasoned in tax inspections and disputes. António Castro Caldas handles the tax aspects of M&A and real estate transactions, and also advises on wealth structuring.

Practice head(s):

Filipe Romão

Other key lawyers:

Marta Pontes; Cláudia Reis Duarte; António Castro Caldas


‘The UMPC Tax team is very complete and multidisciplinary, and is our first choice in matters of greater complexity. It has a pragmatic, client-oriented approach that is both complete and technically very good.’

‘Among the lawyers, we highlight Marta Pontes and Cláudia Reis Duarte, with whom we have been working. Marta Pontes is a very complete, pragmatic lawyer with a concerned and solution-oriented approach in the field of consultancy. Cláudia Reis Duarte has extensive experience in the area of tax litigation, always looking for litigation solutions, but simultaneously with an approach which is technically very solid and efficient.’

‘Very professional, available, creative and to the point.’

‘Filipe Romão stands out for his understanding of client needs, providing efficient answers.’

‘Professionalism, efficiency and depth of analysis.’

‘Highly specialised team, agile and prepared to deal with tax issues in general. Very attentive.’

‘Filipe Romão is excellent. Very technical, without losing creativity and speed, he is able to find simple solutions to complex issues.’

‘Technical capacity and availability.’

Key clients

Altice NV

MEO – Serviços de Comunicações e Multimédia, S.A.



Bank of America







Work highlights

  • Assisted Tishman throughout all stages of the acquisition via share deal of the property where WPP has its registered offices in Lisbon from The Edge Group and Ardma.
  • Advised Morgan Stanley and Citigroup on the accelerated bookbuilding process and all tax issues related to the transaction (which involved a stock-lending agreement) involving EDP Renováveis.
  • Advising Altice / Meo on the pending carve-out of MEO’s tower business division into a separate entity whose share capital will be acquired by CLNX Portugal.


VdA‘s well-balanced tax practice is equally adept at handling the tax aspects of market-leading transactions as it is working on various planning, advisory mandates and tax litigation. With ‘perfect knowledge of Portuguese and international tax law’, the firm fields different tax sub-groups according to specialisms: a financial tax team that comprises both experienced lawyers and consultants; an indirect tax practice; practitioners who focus on private wealth management; and one group dedicated to tax litigation and arbitration. Led by the ‘exceptional‘ Tiago Marreiros Moreira, the tax department is particularly sought after by clients in the energy, financial services, real estate, infrastructure and IT sectors. The practice head focuses on the international tax structuring of major investments in Portugal and Portuguese-speaking countries. Matthieu Le Roux is noted for his experience in tax mandates involving Francophone Africa. Contentious tax is a key specialism for Samuel Fernandes de Almeida and Joaquim Pedro Lampreia. Francisco Cabral Matos – who made partner in January 2022 – is active in international tax, M&A and real estate transactions, while Conceição Gamito is an expert in indirect tax. João Velez de Lima and Miguel Reis joined from PLMJ in September 2021.

Practice head(s):

Tiago Marreiros Moreira

Other key lawyers:

Joaquim Pedro Lampreia; Samuel Fernandes de Almeida; Francisco Cabral Matos; Conceição Gamito; João Velez de Lima; Miguel Reis


‘Perfect knowledge of Portuguese tax law and international tax law.’

‘Highly qualified, very loyal.’

‘Inserted in all areas of Law, thus giving a 360º view on any issue.’

‘Optimisation of resources and results presented.’

‘Tiago Marreiros Moreira is exceptional in terms of knowledge, availability and efficiency/effectiveness.’

‘Francisco Cabral Matos is for sure one of the “rising stars” of tax law in Portugal. He has an exceptional knowledge of local and international regulations. He is 100% client focused and always very reactive.’

Key clients

ANPM (East Timor National Petroleum and Minerals Authority)

Morgan Stanley & Co. International plc

J.P. Morgan Securities plc

Banco Comercial Português, S.A.

Standard Bank de Angola, S.A.

José de Mello Capital, S.A.

Vanguard Properties

Total E&P Mozambique Area 1, Limitada

Cellnex Telecom, S.A.

Mapfre Group


Compass IV Limited (Wimdu)


Commerzbank Aktiengesellschaft

Mota-Engil Group

Mota-Engil Railway Engineering, S.A.

Apollo Global Management

KT – Kinetics Technology Spa

Finerge, S.A.

NatWest Markets PLC

Banco Finantia, S.A.

Nomura International plc Limited

Work highlights

  • Assisted GreenVolt – Energias Renováveis in the successful IPO of its ordinary shares completed on Euronext Lisbon on July 14, 2021.
  • Advised the José de Mello Group on the tax aspects of the joint sale of two blocks of shares representing a total of 81.1% of Brisa’s voting rights, together with Arcus European Infrastructure Fund 1 LP.
  • Assisted ANPM (East Timor National Petroleum and Minerals Authority) in the creation of the tax regime applicable to petroleum activities in the Greater Sunrise fields.


CMS‘s broad international footprint makes it a popular choice for market-leading multinational companies and domestic clients involved in large-scale transactions. Providing legal support in all areas within tax law, including direct and indirect taxes, transfer pricing and litigation, the team particularly stands out for its in-depth knowledge of VAT matters. Leading the department is Patrick Dewerbe, ‘an excellent tax expert‘ whose areas of expertise include real estate, private equity, M&A and litigation. He is also trusted by several high-net-worth individuals and families. Private wealth and transactional tax matters are key fields of activity for Nuno Figueirôa Santos. Susana Estêvão Gonçalves, who regularly assists with tax planning in the context of M&A, real estate and financing transactions, is highlighted for her ‘in-depth knowledge of the law‘.

Practice head(s):

Patrick Dewerbe

Other key lawyers:

Nuno Figueirôa Santos; Susana Estêvão Gonçalves


‘Patrick Dewerbe is an excellent tax expert who deserves to be distinguished as he is among the best.’

‘Complete and well-integrated multidisciplinary team in all fields. Rigour and transparency.’

‘The tax team that worked with us was very competent and well coordinated. A lot of thought and consideration was put into into the legal and commercial standpoints, bringing added value to the table, which was greatly appreciated by our in-house legal and business teams.’

‘I recommend Susana Estêvão Gonçalves. She is superb to work with: always available and with an in-depth knowledge of the law. Susana is an incredibly bright and creative lawyer. She brings a hands-on approach to matters and works through solutions together with her clients. Her ability to provide practical advice is very useful. When in need, she is the first tax lawyer I reach out to.’

‘In my opinion, Nuno Figuerôa Santos is probably the best tax attorney in Portugal.’

‘High quality law firm in the tax area. They have great experience in solving tax issues and in terms of structuring transactions. Capacity and speed of response with high and deep knowledge of issues and challenges.’

‘Nuno Figueirôa Santos has been our main point of contact. His extensive knowledge of the tax area and his quick thinking ability make him an element of great value to our company.’

‘Multi-disciplinary, world-class and professional.’

Key clients

ANA Aeroportos De Portugal, S.A.

Aquila Capital Real Assets Investment

Atena Equity Partners – Sociedade De Capital De Risco, S.A.

Banque Degroof Petercam Luxembourg S.A.

Bergé Automoción Portugal, Lda

Cepsa – Portuguesa Petróleos, S.A.

Cobega, S.A.

Crest Capital Partners – Sociedade De Capital De Risco, S.A.

Davidson Kempner European Partners Llp

Dell Bank International D.A.C

Alltech Group

R.Power Investment BV

Ventient Energy S.à r.l

Lince Capital


Work highlights

  • Advised Davidson Kempner European Partners LLP on the tax structuring of the acquisition of non-performing loans (NPL) portfolios owned by Novo Banco and Banco Comercial Português.
  • Provided tax advice to Aquila Group on several investments in renewable energy and real estate in different parts of the Portuguese territory.
  • Assisted Fund Box – Sociedade de Capital de Risco and Lince Capital in the setting up of different private equity funds mainly dedicated to the real estate sector.


Global firm‘ DLA Piper ABBC ‘provides high-quality tax services‘ in Portugal, covering transactional, advisory and contentious work on behalf of a diverse domestic and international client base. Clients operating in the financial services, gambling, energy and transport sector routinely seek the team’s assistance in relation to high-profile corporate transactions as well as litigation, with a particular focus on disputes arising from VAT assessments. António Moura Portugal specialises in contentious matters, including judicial claims and arbitration, and oversees the department. Names to note at the non-partner level include Inês Teixeira, who has recently been leading on litigation cases involving the energy and tobacco industries, and Ana Carvalho, who ‘is one of the best VAT lawyers in Portugal‘.

Practice head(s):

António Moura Portugal

Other key lawyers:

Inês Teixeira; Ana Carvalho


‘The tax department is one of the best operating in Portugal.’

‘António Moura Portugal and Ana Carvalho are unsurpassed in terms of quality of work and availability.’

‘I have worked with DLA Piper ABBC for many years and it has always been my firm of choice. Quick and clear answers, great client service and a lot of solidity in what they transmit. I have been working with António Moura Portugal, who is one of the founding partners of DLA Piper ABBC in Portugal.’

‘In my case I work more with António Moura Portugal, valuing his pragmatism, practical sense and knowledge of the sectors in which he works in. For me it is essential to work with a lawyer who does not complicate and who is an effective help in solving problems – that’s why I work so much with António and his team.’

‘DLA Piper is a global firm, with international quality standards. Provides high-quality tax services.’

‘Ana Carvalho is one of the best VAT lawyers in Portugal. She is knowledgeable and capable of providing insights to the client in a responsive and efficient manner.’

‘The service provided is very good, I highlight in particular the monitoring and availability of the tax team. The firm has shown flexibility over the last few years in relation to our group and has adapted very well in the context of the pandemic.’

‘I would like to highlight the name of Inês Teixeira, who is in fact a very experienced lawyer. I particularly like working with her, as she is very incisive, upfront and clear. Handles matters quickly and efficiently.’


Standing out for its cross-border capabilities, Linklaters handles the tax aspects of many of the most significant corporate and financing transactions at the national and international level. The team - which regularly works together with other departments within the firm - ‘has a very strong experience in all matters of tax advice', and high-profile tax disputes are not an exception. Tax litigation is a notable area of growth for the team, which is well positioned to assist both Portuguese and multinational clients in complex cases arising from the increasingly aggressive stance of tax authorities. Chairman Rui Camacho Palma is recommended ‘for the degree of knowledge and experience he demonstrates in all tax matters'; tax planning and transactional mandates involving inbound and outbound investment are among his legal specialisms. José Maria Sacadura maintains an impressive international practice covering tax compliance, litigation, transfer pricing and EU directives. Inês Pisco Bento is a key contact for tax disputes.

Practice head(s):

Rui Camacho Palma

Other key lawyers:

Inês Pisco Bento; José Maria Sacadura


‘Linklaters in Portugal provides a high-quality service in the tax law field. I really appreciate the quality of the professionals (without exception) with whom I have already contacted.’

‘I highlight Rui Camacho Palma. In my opinion, he is distinguished from competitors by his humility, his very high technical competence in any matter and his availability.’

‘Linklaters does not disappoint anywhere in the world, Portugal is no exception and the tax department is particularly excellent.’

‘Rui Camacho Palma and José Maria Cabral Sacadura are always ready to help the client, with innovative approaches and an incredible capacity for work.’

‘At the top of this team is Rui Palma, with whom we have worked for years with immense success. Very good articulation with the legal team (Corporate, Financing, etc.) to obtain an opinion and solutions covering both visions/knowledge.’

‘Rui Palma – Strong combination of great transversal knowledge of tax law and corporate practice, which makes his opinions and recommendations very objective, pragmatic and direct to the situations in question.’

‘Linklaters has a very strong experience in all matters of tax advice. In particular, in tax litigation matters, it has registered a 100% success rate in the processes in which we collaborated in. The enormous availability of the team (including Partners), their deep degree of technical knowledge and accumulated experience in the entire spectrum of tax matters stand out as the main assets of the Linklaters tax team.’

‘We highlight Rui Camacho Palma for the degree of knowledge and experience he demonstrates in all tax matters, his enormous availability and high flexibility in seeking the best solutions for the challenges presented by the Clients. For the reasons presented, we conclude that Rui is a top-notch tax lawyer, in whom we absolutely trust.’

Key clients

Banco Comercial Português

Barclays Bank PLC

Cerberus Global Investments B.V.

ECS – Sociedade de Capital de Risco, S.A.

Oitante, S.A.

Luz Saúde

DWS (Deutsche Asset Management)

Citigroup Capital UK Limited

Värde Partners Europe Limited

J.P. Morgan

Onitelecom Infocomunicações (Oni)

Nowo Communications (NOWO)

Novo Banco, S.A.



Glennmont Partners

China Development Bank

Permira Asesores, S.L.U.

ROADIS (PSP Investment Board)

The Carlyle Group España, S.L.

Ardian SAS

Work highlights

  • Advising CK Infrastructure Holdings (CKI) and its group company Power Assets Holdings on the tax aspects of the sale of Iberwind to Ventient Energy.
  • Advising on the intra-group merger of Ocidental – Companhia Portuguesa de Seguros in Ageas Portugal – Companhia de Seguros.
  • Assisting OQ in the sale, by its Dutch vehicle Mazoon BV, of its shareholding of 80,100,000 shares of REN – Redes Energeticas Nacionais to Pontegadea Inversiones.

Ricardo da Palma Borges & Associados

Ricardo da Palma Borges & Associados ‘is a highly specialised boutique law firm' focused on contentious and non-contentious tax matters. The firm provides legal support to a varied client roster comprising banks, real estate companies, family businesses and high-net-worth individuals. It is ‘particularly strong in tax issues concerning corporate income tax, real estate, individual planning and international tax', and demonstrates notable proficiency in complex tax litigation. Founding partner Ricardo Palma Borges specialises in tax planning and consulting in the context of corporate restructurings, and investments. Ana Isabel Correia has a strong track record in tax judicial claims and arbitration involving corporate income tax, international taxation and VAT. Another core team member, Ana Rita Perreira is singled out for her experience in real estate transactions and wealth planning.

Practice head(s):

Ricardo da Palma Borges; Ana Isabel Correia; Ana Rita Pereira

Other key lawyers:

Carlos Alcântara Neves


‘Ricardo da Palma Borges & Associados is a highly specialised boutique law firm. As such, the team’s knowledge and experience in the branches of law they cover are outstanding and allow them to be always at the forefront in the analysis and discussion of legal issues. The firm is highly proactive in the study and releasing of respective analysis and conclusions of a number of critical subjects to Private Clients, such as asset structuring, tax, residence and succession.’

RPBA is the best tax boutique in Portugal with unrivalled technical quality.’

‘Ricardo da Palma Borges is an outstanding lawyer by all criteria: knowledgeable, focused, sharp, experienced, pragmatic, skilled negotiator, client-oriented, always available, friendly and with an impressive professional network. In my opinion, he is one of the best lawyers in Portugal and for sure the most brilliant of his generation.’

‘The team is particularly strong and above the market in tax issues concerning corporate income tax, real estate, individual planning and international tax.’

‘Ricardo da Palma Borges is a leading figure in the Portuguese market and highly recommended for any tax issues.’

‘The team is particularly strong in tax issues concerning corporate income tax, real estate, individual planning and international tax.’

‘Ricardo da Palma Borges is a leading figure of the Portuguese market and highly recommendable for any tax issues.’

‘Ricardo da Palma Borges & Associados is a national reference in the Tax area, with experience in complex cases involving multiple jurisdictions.’

Rogério Fernandes Ferreira & Associados, SP, RL

Split between Lisbon and Porto, tax boutique Rogério Fernandes Ferreira & Associados, SP, RL is a reference in the market for related non-contentious and contentious matters, standing out for its experience in administrative and judicial tax claims. Domestic and international clients regularly turn to the team, which is under the leadership of Rogerio Fernandes Ferreira. The department leader ‘has great expertise in tax matters'. He receives key support from Marta Machado de Almeida, who is seasoned in cross-border matters involving Angola and Mozambique. Senior associate Vânia Codeço is also active in tax litigation.

Practice head(s):

Rogério Fernandes Ferreira

Other key lawyers:

Marta Machado de Almeida; Vânia Codeço


‘Rogério Fernandes has great expertise in tax matters, both in terms of Portuguese and community legislation. His vast experience and solid knowledge contribute decisively to the success of the matters.’

CCA Law Firm

With a high level of know-how and accumulated experience in tax law', CCA Law Firm advises on tax efficient domestic and cross-border investments, tax litigation, VAT and other indirect taxes. Its tax consultancy services also include day-to-day support for a range of corporate entities engaged in financing transactions and commercial agreements across a variety of industries, including online gambling, insurance, IT, tourism and start-ups. Tânia De Almeida Ferreira has a wealth of experience handling the tax aspects of M&A, corporate reorganisations and restructurings. João Pedro Albuquerque is a name to note at the junior level; he is particularly active in administrative, judicial and arbitration proceedings involving corporate income tax, VAT and real estate taxes.

Practice head(s):

Tânia de Almeida Ferreira

Other key lawyers:

João Pedro Albuquerque


‘CCA has professionals with a high level of know-how and accumulated experience in tax law, which allows our company to use them with a high degree of confidence in all clarifications and the duty to comply with all tax regulations and tax payments in the country.’

‘In particular, Tânia de Almeida Ferreira has been a huge support to our company in recent years in all matters related to compliance with tax rules as well as interactions with the Tax Authority in various legal proceedings.’

‘Collaboration, ethical principles, work capacity, technical competence, experience.’

Key clients

AP Wireless



Invillia Group



Tayan Energy

Padaria Portuguesa



Vida Produce company



Associação Salvador



Work highlights

  • Advised AP Wireless on various tax matters, including cross-border tax issues.
  • Assisted Invillia Group in the intragroup reorganisation, which was implemented before its sale to Compasso UOL.
  • Advised Tayan Energy on recent amendments to a tax valuation of photovoltaic plants.

Durham Agrellos

Headquartered in Porto, boutique firm Durham Agrellos is regularly sought after by corporate and private clients, including high-net-worth individuals and family-owned groups, in the gamut of tax mandates. Key areas of focus for the team include tax planning, private wealth and family governance, transfer pricing and dispute resolution. Practice head Miguel Durham Agrellos has notable experience in international tax and corporate restructuring, while Paulo da Rocha Pichel primarily focuses on tax disputes, including arbitration proceedings.

Practice head(s):

Miguel Durham Agrellos

Other key lawyers:

Paulo da Rocha Pichel; Mariana Leite da Silva

Key clients

RAR Holding

XP Private

BTG Pactual Bank

Unilabs Group





Place Gym Boutique Concept Group

Adalberto Fashion Group

GEMA Group

Atrium Investimentos

Work highlights

  • Represented RAR Group in a dispute that successfully challenged Stamp Tax assessments resulting from intragroup loans with subsidiaries located in the EU and third countries.
  • Assisted Gema Group in the design of a corporate restructuring, which included a significant change in the holding structure of the group’s different business areas.
  • Advised a client on the planning of an international holding structure for crypto-assets investment.

Espanha e Associados

The ‘very efficient and versatile team’ at Espanha e Associados acts for a broad corporate and private client base in relation to corporate and personal income tax, transfer pricing, compliance issues and tax due diligence. Tax litigation is also a strong point for the practice, which is led by Elsa Rodrigues. Rodrigues has advised on the tax aspects of several projects, transactions and corporate restructurings, and also acts for clients in administrative claims. João Espanha is an expert in double taxation and EU tax law, having advised on numerous domestic and international restructurings. Other key individuals include Sara Botelho de Almeida, who is an income tax and indirect taxation specialist, and Ricardo Peão, a name to note for tax litigation.

Practice head(s):

Elsa Rodrigues

Other key lawyers:

João Espanha; Sara Botelho de Almeida; Ricardo Peão


‘Medium-sized firm, in which the partners / senior lawyers are extremely accessible and responsive in addition to being highly competent (in particular in their area of expertise – tax).’

‘Excellent services provided, high technical quality, topics analysed quickly (if necessary) and in-depth.’

‘What sets this law firm apart is that it is a not very large outfit but still very efficient and versatile team.’

‘João Espanha, Elsa Rodrigues and Sara Botelho de Almeida: All of them reveal a high knowledge of the matters they have to deal with. They are extremely efficient and available.’

Key clients


XH Soluções Lda.

ROADSURFER GMBH – Sucursal em Portugal






Nata da Nata, Lda



G.D.A. – Cooperativa de Gestão Direitos dos Artistas





Arval Service Lease – Aluguer e Gestão Automóvel, S. A.









Hotéis Dom Carlos Group






Trust and Nurture Partners, Lda.

Eversheds Sutherland FCB

Eversheds Sutherland FCB is seasoned in advising on tax planning structures, taking into account direct and indirect tax implications, in the context of M&A transactions and international group restructurings. In addition to the team’s transactional capabilities, it is also well versed in dispute resolution involving tax matters on behalf of a domestic and international client roster. The team, which is led by transactional tax specialist Diogo Bernardo Monteiro, stands out for its ability to provide advice related to Angolan and Mozambican tax issues. Bruno Arez Martins is active in tax litigation, especially in the postal services and real estate sectors.

Practice head(s):

Diogo Bernardo Monteiro

Other key lawyers:

Bruno Arez Martins

Key clients



Generali Real Estate



Lagardère Travel Retail



Exide Technologies



Jordan Park Group LLC

Work highlights

  • Assisting several high-net-worth individuals, including several football players, in structuring the change of residence to Portugal, obtaining a special non-habitual resident tax.
  • Advising Medinfar on all issues concerning the acquisition of Medicamenta from Lusomedicamenta (Portuguese subsidiary of Recipharm AB).

RRP Advogados

The ‘diversified, global and competent' tax team at RRP Advogados handles a mix of transactional, contentious and advisory work on behalf of an impressive array of international and domestic clients. On the tax planning side, the team is adept at advising on public and private M&A, corporate restructuring and real estate transactions. The team also demonstrates prowess in tax controversy matters, where it has a good track record. Managing partner Ricardo Reigada Pereira has recently coordinated the planning that led multiple large companies to challenge the constitutionality of the State Surcharge law. Leonardo Scolari is another key contact for clients from the pharmaceutical, industrial, energy and banking sectors involving in disputes with the tax authority.

Practice head(s):

Ricardo Reigada Pereira

Other key lawyers:

Leonardo Scolari


‘RRP is a very innovative tax firm concerning EU tax litigation and was instrumental in a lot of successful cases involving EU tax issues of our group.’

‘Ricardo Reigada Pereira is an outstanding tax lawyer and a leading tax expert in the market. Leonardo Scolari is an up-and-coming associate that excelled in litigation work.’

‘RRP Team is diversified, global, competent and understands the value of time in the fast paced digital markets, and volatile, uncertain, ambiguous and complex environments.’

Key clients


AM alpha Kapitalverwaltungsgesellschaft

Catalyst Capital

Cisco International Limited


Deka International




Krest Real Estate

Laje Capital

Mitiska REIM

PTisp (formerly known as Almouroltec)

Retail Properties Europe (RPE)

Secil – Companhia Geral de Cal e Cimento


Suzlon Wind Energy

The Navigator Company

Work highlights

  • Representing Krest in the tax planning used in several of its real estate investments in Portugal.
  • Acting for Catalyst Capital in their first acquisition in Portugal – a built-to-suit deal – of a large hotel located in Lisbon’s business city centre.
  • Representing The Navigator Company in a tax controversy case where the constitutionality of the State Surcharge levied on large taxpayers is being challenged.

SRS Legal

SRS Legal‘s ‘highly skilled tax department‘ has in-depth knowledge of the Portugal and international tax environments, and provides legal support to private and public sector clients across a range of industries, with a particular focus on banking, real estate, TMT and energy. Recent areas of growth for the team include taxation applicable to cryptocurrency and other intangible assets, and tax litigation involving EU law issues. With a strong background in tax policy and international taxes, Mafalda Alves possesses ‘thorough knowledge of the practices of the tax authority in matters of VAT‘. Joana Tavares De Oliveira‘s notable areas of focus include tax litigation and consultancy matters, including complex M&A deals.

Practice head(s):

Mafalda Alves

Other key lawyers:

Joana Tavares de Oliveira


‘Mafalda Alves and Joana Tavares de Oliveira are tireless lawyers in solving clients’ problems.’

‘SRS has a very highly skilled tax department. They show great understanding of the tax matters, always solution-oriented and trustworthy.’

‘Mafalda Alves is a very dedicated and knowledgeable lawyer. She demonstrates a high technical ability, experience and know-how in domestic and cross-border tax matters.’

‘Very practical and oriented towards quick decisions that companies need. Good know-how of the matters addressed; value for money; practical approach taking into account the needs of the client.’

‘Mafalda Alves – thorough knowledge of the practices of the Tax Authority in matters of VAT. Joana Tavares de Oliveira: excellent work developed and the defense presented to the tax authority was accepted.’

‘SRS ADVOGADOS acts in a professional manner like its peers, but stands out for the pleasant approach of its partners. Difficult matters are dealt with seriously but pleasantly.’

‘SRS stands out for its agility, availability, reliability and a deep knowledge of topics in the tax area. Instead of encountering difficulties, SRS and its professionals always find a solution.’

‘Mafalda Alves’s dedication to our company is impressive. She is always available. She goes deep into tax issues and demonstrates security and knowledge in the solutions she presents.’

Key clients


MNK Partners

Banco Carregosa

Banco do Brasil

M7 Real Estate


Novo Banco

ECS Capital

Core Capital

Galp Energia

Hotusa Hoteles


Beka Finance

Danone Group

Metlife Europe

British Telecom Portugal

Sumol+Compal Marcas, S.A.

Securitas Direct Portugal, Unipessoal, Lda.

Respol – Resinas, S.A.

Work highlights

  • Advising Parpública on the reprivatisation of Isabel dos Santos’ Efacec shareholding.
  • Advised MNK Partners on the acquisition of the B&B Hotel in Lisbon.
  • Representing Blackrock Asset Management Deutschland in a tax procedure regarding the application of EU Law over domestic tax law.

Sérvulo & Associados

The team at Sérvulo & Associados ‘demonstrates enormous capacity in managing tax law matters, whether in terms of tax planning or in the follow-up of processes in tax litigation'. The practice is coordinated by tax expert Diogo Feio – who often acts in tax arbitration – and has continued to grow its reputation, acting for domestic and foreign companies, public entities, financial institutions and private clients in an array of mandates. The tax advisory/intelligence team is overseen by Teresa Pala Schwalbach, whose expertise encompasses international and EU tax, M&A transactions, corporate restructuring and indirect taxation; she also heads up the Scandinavian desk. Ana Moutinho Nascimento coordinates the tax litigation group, which is primarily active in administrative and judicial claims, as well as tax inspections. Patricia Guerra Carvalhal has extensive experience representing clients before the tax and customs authority.

Practice head(s):

Diogo Feio

Other key lawyers:

Teresa Pala Schwalbach; Ana Moutinho Nascimento;  Patrícia Guerra Carvalhal


‘Despite having a small team, Sérvulo’s tax practice stands out for the quality of its lawyers and for its integration into a firm where public law has a unique tradition.’

‘Diogo Feio is a tax expert with a deep knowledge of the legal tax system and who has experience in the field of legislative policy that differentiates and distinguishes him. The two remaining partners in the practice – Teresa Schwalbach and Ana Moutinho Nascimento are also top-notch lawyers, the latter of whom has particular experience in the area of tax litigation.’

‘Sérvulo & Associados demonstrates enormous capacity in managing tax law matters, whether in terms of tax planning or in the follow-up of processes in tax litigation.’

‘I would highlight Diogo Feio, Teresa Pala Schwalbach and Ana Moutinho Nascimento.’

‘A small team, but with great technical quality. With a lot of proactivity and good “delivery”.’

‘This firm has a very pragmatic and efficient way of dealing with all kinds of legal issues. They are highly motivated. The knowledge in different fields is extremely high and they do not hesitate to dig into issues other law firm would not do. Therefore, from a service point of view, I have truly never experienced anything better.’

‘Attention to detail, accuracy, availability and ease of communication. Very competent and available team. Great sharing of knowledge with the client.’

‘Diogo Feio – always present and available, with deep and intrinsic knowledge of the market (in the Tax area) and of the various initiatives and trends that occur in it. Teresa Pala Schwalbach – very available, attentive, knowledgeable about tax practice and how to adopt the best legal solution to the specific case.’

Key clients

Confederação Empresarial de Portugal (CIP)

Autonomous Region of Madeira


Work highlights

  • Carried out a study on the full tax burden to which the Portuguese business sector is subject in partnership with EY and Confederação Empresarial de Portugal (CIP).
  • Provided advice to the Autonomous Region of Madeira on the structuring and negotiation of the legal documentation underlying the issuance of fixed-rate notes intended to address the exceptional funding needs caused by the Covid-19 pandemic.
  • Assisted BES in various tax matters related to the resolution measure applied by the Bank of Portugal in 2014.


With a solid on-the-ground presence in Lisbon and Porto, the tax department at TELLES is well placed to handle work for a diverse range of blue-chip companies, banks and family offices in relation to cross-border business restructuring, M&A, private equity deals, and international wealth management. Tax litigation is another area of focus for the group. Miguel Torres is ‘an outstanding lawyer' who combines expertise in corporate and tax law. João Magalhães Ramalho is well versed in domestic and cross-border M&A, and real estate tax cases. ‘With a very solid background in international taxation', João Luís Araújo is trusted by corporate and private clients. André Gonçalves is also noted for international and national tax issues.

Practice head(s):

Miguel Torres; João Magalhães Ramalho; João Luís Araújo; André Gonçalves

Other key lawyers:

Abílio Rodrigues


‘Telles’ tax practice combines expertise (both in terms of knowledge and experience) with a high level of dedication to clients and their needs. Though part of an independent law firm, you can tell the practice is truly international and some of its partners have been part of large multinational organisations in previous roles.’

‘João Luís Araujo is a tax partner with a very solid background in international taxation, having served in various roles before Telles. João is a quick thinker, responsive to requests and focused on delivering results.’

‘Miguel Torres is an outstanding lawyer with great communication skills’.

‘Miguel Torres- in addition to his technical skills, I highlight his proactivity and availability.’

‘Competence, professionalism and availability.’

‘I have found the team at Telles to operate an extremely professional service, dealing expertly with ultra-high-net-worth international clients – an outstanding firm in the Portuguese market.’

‘João Luís Araújo is an exceptional lawyer, technically excellent and very personable with great client skills. I would have no hesitation in recommending him to any of my clients needing Portuguese tax and estate planning advice.’

Key clients










Grupo NORS

Quinta do Crasto


Garcia Garcia





Grupo Vigent

Família Jervell

Atlantic SGFII



Grupo Oito Em ponto

Grupo BRS

Grupo Planalto

Work highlights

  • Advised Vallis on tax matters during the process of sale of its participation in Imperial (the biggest chocolate producer in Portugal).
  • Assisted the partners of Insparya Group in the restructuring of Grupo Saúde Viável.


Highly regarded boutique AFDO-adv offers assistance to a diverse domestic and international client roster across a breadth of industries, including energy, renewables, telecoms and insurance. The firm - which is primarily focused on contentious matters, covering tax litigation and arbitration proceedings - also provides tax consultancy to private clients in the context of cross-border investments. VAT and stamp duty tax are other areas of expertise for the practice, which is under the leadership of ‘fierce litigatorAntónio Fernandes De OliveiraMónica Respício Gonçalves is a key contact for private clients, family-owned businesses and high-net-worth individuals.

Practice head(s):

António Fernandes de Oliveira

Other key lawyers:

Mónica Respício Gonçalves


‘I would recommend António Fernandes de Oliveira for his resilience in tax litigation issues.’

‘AFDO has been instrumental in pursuing innovative litigation for our group in both VAT and TA (Autonomous Taxation).’

‘António Fernandes de Oliveira is a fierce litigator that really takes ownership of cases and really fights it for his client. Outstanding for specific issues and complex litigation that needs a lawyer that truly believes in your case.’

Caiado Guerreiro

Caiado Guerreiro acts for a wide range of clients, including companies, charities, real estate investment funds and high-net-worth individuals. The team is particularly noted for the work it undertakes on behalf of private clients, and for its structuring advice in the context of business transactions, foreign investments and restructurings. Tiago Caiado Guerreiro, who is seasoned in transactional tax, double taxation treaties and transfer pricing, jointly oversees the practice with Ana Castro Gonçalves, who is often engaged in tax planning matters. Of counsel Tatiana Cardoso left the firm in September 2021.

Practice head(s):

Tiago Caiado Guerreiro; Ana Castro Gonçalves

Other key lawyers:

Anthony Meira

Key clients

Edmond de Rothschild – Luxembourg

Unik Capital SARL

Gómez-Acebo & Pombo

Gómez-Acebo & Pombo fields an experienced tax team, which is well positioned to provide tax consultancy and litigation services across a wide spectrum of sectors, most notably energy, forestry, banking and TMT. Offering Iberia-wide advice, the firm is particularly noted for its expertise in energy duties and regulatory charges, demonstrating further strength in tax controversy matters. According to one client, department leader Nuno Oliveira Garcia is ‘among the best Portuguese lawyers in this area'; he has a wealth of experience in energy and environment-related taxation matters, and is often engaged in tax disputes. Ana Paula Basílio and ‘excellent tax consultantCatarina Rosa are also part of the core team.

Practice head(s):

Nuno de Oliveira Garcia

Other key lawyers:

Ana Paula Basílio; Catarina Rosa; Maria Rita Nascimento


‘The tax team led by Nuno Oliveira Garcia has a very deep knowledge of tax law and has a very thorough and creative approach in search of the best solution for the client, they are a reference team for any tax matter of great complexity.’

‘It is a multifaceted team capable of handling several projects with agility and great responsiveness. I consider this a unique firm because it sees each project as unique and puts the necessary resources to work to support the client. If the intervention of specialists in other areas is required, the firm promptly involves other teams. Elements that distinguish them include responsiveness; strong follow-up; personalised service; and focus on the client.’

‘Catarina Rosa – Excellent tax consultant; whenever there are issues that she doesn’t master, she looks for the right answers and never stops supporting the client; always available by phone and email, anytime. Nuno Oliveira Garcia- He has an enormous capacity to demystify issues and propose the best resolution for each situation.’

‘Great communication, transparency and ability to understand new business models and their tax implications.’

‘Honest and great communication. Giving proactive, good advice. Great tax knowledge and ability to dig in to new business models and tax regulations.’

‘GA_P’s tax department demonstrates high skills in this area, namely with regard to the development and constant monitoring of the projects in which they are involved.’

‘The constant and systematic involvement and availability of the responsible partner Nuno Oliveira Garcia, as well as his wide range of knowledge in different areas makes the team stand out.’

‘I highlight Nuno Oliveira Garcia for his excellent qualities as a tax expert, who I believe will be among the best Portuguese lawyers in this area.’

Key clients

Petrogal – Galp Energia

EDP – Eletricidade de Portugal

The Navigator Company

5 á Sec Cleanings

REN – Rede Elétrica Nacional

Logista Portugal

Semapa Holding Industry

Tranquilidade (Group Generali)

FCA Bank

Prisa España

Alsa Portugal

Cargill Portugal

Work highlights

  • Advised Grupo Logista on the tax aspects of a sophisticated demerger of the Spanish division of Logista into the Portuguese Newco.
  • Advised Dos Grados on the corporate tax design and structure of the acquisition of photovoltaic parks in Portugal.
  • Provided tax support to Global Realty during several acquisitions of very relevant Portuguese high-value real estate assets.


With offices in Lisbon and Porto, the tax group at Andersen has broad experience in transactional tax, due diligence, litigation and compliance matters, acting primarily for international clients investing in Portugal. Sectoral strengths include real estate, construction, technology, media and tourism. Private clients also turn to the team for assistance with succession planning and the non-habitual resident tax regime. Leading the practice are Carla Malhão in Porto, a key contact for tax litigation, and Gonçalo Cid in Lisbon.

Practice head(s):

Gonçalo Cid; Carla Malhão

Other key lawyers:

Tiago Cid


‘Availability and attention given to clients.’

‘Carla Malhão is recommended.’

PRA-Raposo, Sá Miranda & Associados, Sociedade de Advogados SP RL

With great geographical reach in the country, PRA-Raposo, Sá Miranda & Associados, Sociedade de Advogados SP RL's tax team often works alongside the corporate and M&A team, advising on the tax aspects of consequential business transactions across a range of industries. The team is particularly noted for its track record in the real estate sector and cross-border matters involving EY law. Advising on tax regimes for non-regular residents, tax fraud and income tax are also areas of activity for the group. Nuno Oliveira Santos provides clear advice' in tax litigation and arbitration proceedings. Inês Santos is a ‘highly reliable professional', who predominantly acts in tax disputes.

Practice head(s):

Nuno Oliveira Santos

Other key lawyers:

Sónia Martins Arêde; Inês Santos


‘The proximity, passion, empathy and their strategic vision make the team stand out.’

‘In-depth knowledge and fluid, effective and assertive communication, accompanied by ethics and professionalism, are undoubtedly some of the strengths of PRA – Raposo, Sá Miranda & Associados, Sociedade de Advogados, SP, RL.’

‘Nuno Santos: in addition to ensuring the success of the processes he monitors, he provides clear advice and ensures that a relationship of trust and transparency with the client is established.’

‘Inês Santos stands out for her work method and time management.’ 

‘High specialisation in specific and innovative areas of law. Rigour, competence, efficiency and punctuality in dealing with matters for which legal advice is requested. Attention and availability dedicated to the client.’

‘Inês Santos: highly reliable professional, with great solidity of knowledge and experience in tax matters; extreme rigour, zeal, dedication, competence and punctuality in dealing with issues.’

Belim Castilho

Belim Castilho ‘is a boutique firm that has been developing and consolidating its footprint in the Portuguese legal market', which stands out for its impressive expertise in indirect tax. The firm is regularly instructed by non-resident corporations planning to set up or carry out business in Portugal, and clients seeking specialised counsel in audits before the tax and customs authorities and courts. VAT, import and export arrangements, and excise duties are also strong points for the department. Catarina Belim is the main point of contact; her ‘unique technical capacity, especially in the areas of VAT, customs, and other indirect taxes makes her stand out in the market'.

Practice head(s):

Catarina Belim


‘BELIM is a boutique firm that has been developing and consolidating its footprint in the Portuguese legal market, with an active participation in the tax community, publishing opinion articles and participating in the main debates on taxation.’

‘This project has seen growth as a result of Catarina Belim’s personal affirmation as a lawyer of excellence, being recognised both in Portugal and abroad as a specialist in indirect taxes.’

‘Catarina Belim – top expertise in VAT and customs with an international attitude, giving you the feeling that your issue is top priority.’

‘Knowledge, proximity, excellent service, transparency.’

‘Excellent responsiveness, price-quality ratio, mix between theoretical knowledge and practical experience.’

‘Catarina Belim’s unique technical capacity, especially in the areas of VAT, customs, and other indirect taxes makes her stand out in the market.’

‘Belim is highly specialised in tax matters, and counts on the collaboration of very competent lawyers with vast experience in matters related to tax law in general. Catarina Belim is an extremely talented lawyer, dedicated and committed to serving the client in the best way possible.’

‘Catarina Belim is hands-on, sharp and proactive. We trust her advice and entrust BELIM with the legal design of our day-to-day operations and long term transactions and tax disputes.’

CCSL Advogados

Focused on corporate clients and high-net-worth individuals, CCSL Advogados provides advice on tax, accounting and social security issues. Covering personal and corporate income tax, VAT, real estate taxes and special taxation regimes, the team is also adept in assisting clients in tax litigation at the administrative, judicial and arbitration levels. Founding partner José Calejo Guerra is recommended by clients as ‘one of the most knowledgeable people when it comes to tax-related matters'. He oversees the department and is experienced in international tax and arbitration.

Practice head(s):

José Calejo Guerra


‘José Guerra and his team have been providing a consistent set of legal services, covering contracts management, risk mitigation and tax advice. A clear perspective ongoing projects is permanently presented, with clear milestones and reachable goals.’

‘Client-oriented service and perspective. Clear picture of risk management and risk mitigation. Combined knowledge of national and international laws, and business environment.’

‘What makes CCSL unique is the team’s attention to detail, transparency, commitment to clients, work ethic and know-how.’ 

‘José Guerra is one of the most knowledgeable people I know when it comes to tax-related matters. Works for his clients and in their best interest at all times. High level of integrity, principles and values.’

‘Young team that knows how to speak in “business terms” instead of  “lawyer terms” in order to make their client feel comfortable and understanding of situations and implications.’

‘José has assisted me flawlessly with all my tax needs in Portugal.’

‘The office brings together a highly competent team in dealing with foreign clients, demonstrating a perfect knowledge of the tax and legal framework of those planning to live in Portugal.’

‘José Calejo Guerra – constructive and solution-oriented spirit, which provides a high degree of client satisfaction, enhanced by constant availability.’


Led by André Vasques Dias, MACEDO VITORINO's tax group handles a range of matters, but is particularly active providing tax structuring advice to the firm’s banking and corporate client base. Recent highlights saw the team handling the tax aspects of financing and real estate transactions, and acting for high-net-worth individuals in their move to Portugal.

Practice head(s):

André Vasques Dias


‘The law firm is very close to the client, working at any time and day of the week. It has a very complete team.’

Key clients

Bank of America

Nordic Solar Management

Solaria Energía y Medio Ambiente, SA

Holaluz-Clidom, SA,

IP Global

Danske Bank


WW10 Global, Lda – Glorious Moon

Dyson Technology Limited

Municipality of Lisbon

Bank of America

Nordic Solar Management

Solaria Energía y Medio Ambiente, SA

Holaluz-Clidom, SA,

IP Global

Danske Bank


WW10 Global, Lda – Glorious Moon

Dyson Technology Limited

Municipality of Lisbon

Work highlights

  • Advised Solaria Energia in connection with the tax aspects of the construction of 4 PV solar projects of its subsidiary Prodigy Orbit.
  • Advised Nordic Solar and its Portuguese subsidiary Goldalqueva in connection with the construction and financing of a 48.5 MWp solar park in Portugal.
  • Assisting IP Global in tax matters in connection with its real estate activity in Portugal.


MGRA SP RL undertakes a range of work in the field of tax law, including non-contentious and contentious matters. The team acts for both domestic and international clients and is led by Mário da Rosa Amaral, who has longstanding experience in tax matters and advises clients from the retail, real estate and construction sectors.

Practice head(s):

Mário da Rosa Amaral

Other key lawyers:

Maryline Valente


‘Intelligence in developing the strategy, strong unified communication and flexible diligence guarantee a truly personalised service.’

‘I recommend the distinguished seriousness and incomparable professionalism of Mário Amaral.’

‘A fantastic team with in-depth knowledge of tax law and the entire underlying legal framework. I couldn’t be better accompanied and I would always recommend their services.’

‘I recommend Mário Rosa Amaral for the incredible dedication he showed whenever asked. I could not have more confidence in his legal advice, technical quality and extensive knowledge. A real authority in the area. I would also recommend Maryline Valente for her incredible capacity in the tax law field.’

‘Good collaboration with other lawyers in different jurisdictions.’

pbbr - Sociedade de Advogados RL

The tax department at pbbr – Sociedade de Advogados RL is best known for the work undertaken on behalf of real estate clients, and is ‘familiar with the ins and outs of tax legislation and practice'. Its broad service offering covers ongoing tax advice, tax-driven restructurings and the tax aspects of real estate and construction projects. Mário Silva Costa oversees the tax practice; he brings together expertise in tax consulting and litigation, with a particular emphasis on the tax structuring of investments and business reorganisations.

Practice head(s):

Mário Silva Costa

Other key lawyers:

Sandra Lobo Nunes


‘PBBR’s team is diligent, very knowledgeable and versatile. They are familiar with the ins and outs of tax legislation and practice, and are able to quickly carry out an in-depth and solid analysis of all issues. They manage to find robust solutions without complicating them, and making a correct reading of the risk underlying each option taken.’

‘I’d highlight Mario Silva Costa.’

Key clients

Signal Capital Partners

Bouygues Immobillier




Alves & Martins, S.A.

Group RRE


Armazém F


MDSR Investments

Stone Capital

Groupe Terrésens

RE Capital (former Geneva Management Group)


Serris Reim

Work highlights

  • Advised Signal Capital Partners on the indirect transfer (share deal) of an iconic Lisbon property (JQone building).
  • Advised Signal Capital Partners on the tax aspects of the sale of Quinta da Fonte Office Park to Sixth Street.

Raposo Bernardo

Raposo Bernardo handles a broad range of tax mandates, including advice on the tax aspects of domestic and cross-border projects, contracts and restructurings. The team has notable strength in assisting Portuguese and international corporate clients from the banking and financial services, aviation, infrastructure and energy sectors. Practice leader Carlos Santiago ‘is characterised by his vast knowledge of the area of direct but also indirect taxes‘. Tax litigation is another key area of activity for the team.

Practice head(s):

Carlos Santiago


‘Raposo Bernardo & Associados has the potential to make us feel like a very special client. It is focused on adding value to the client, with a team with exceptional qualities. The legal advice is very clear, the analyses of the issues are in-depth and detailed, and the studies and documents they produce are very rigorous.’

‘They are true experts in the various branches of tax law. The team is very cohesive and completely available, even on weekends when necessary, they are masters in tax litigation for large tax disputes and in our case always with excellent results.’

‘We have full confidence in the entire tax team, which is superiorly led by Carlos Santiago. He is very clear in the way he explains the complicated issues of taxation to us, patient with tax matters that require a lot of detail and produces very meticulous legal evaluations. For me, he stands out from the other tax lawyers I know for the way he can explain in simple terms the complexity of the tax system.’

‘They always provide us with the best service. They are excellent professionals, very proactive, with great capacity for organisation and control of situations and matters, they always find solutions for the most unexpected issues. The team has a deep knowledge of all types of taxes, they are able to provide global support to large-scale processes.’

‘The area is led by Carlos Santiago, who is characterised by his vast knowledge of the area of direct but also indirect taxes, in addition to having great capacity and intuition in tax litigation.’

‘Rigour, depth and detail of the work presented, the clear and sure manner of conclusions, the ability to solve complicated problems in such a way that they seem easy, the collaborative, available and proactive spirit from the team of lawyers.’

‘Carlos Santiago is a very practical lawyer, focused on solving matters, very available, and who knows the ins and outs of the tax system.’

‘What I most admire about Raposo Bernardo & Associados is the high quality of work, the innovation in the solutions they present, the strong connection and proximity they have with clients and the constant support.’

Work highlights

  • Advising a client on the different taxes imposed on it relating to the financing of aircraft and other equipment.
  • Provided legal support to a client in relation to the opposition of a special contribution tax.
  • Providing tax advice to a company in the context of aircraft sales and leases.