Tax in Portugal


The 'experienced' team at Cuatrecasas 'has a focus on problem solving' and is commended for its 'availability, vast knowledge and its ability to explain tax matters to non-experts'. The team is engaged on a range of high-profile real estate tax, corporate tax, international tax, financial services tax and indirect tax mandates. Advice for private clients and complex tax disputes are also central to the team. Department head Diogo Ortigão Ramos is highlighted for his 'outstanding professional experience' and Pedro Vidal Matos is a 'stand-out figure in the market for tax litigation'. Tânia de Almeida Ferreira joined CCA Law Firm in 2019.

Practice head(s):

Diogo Ortigão Ramos


High-quality service with high delivery and professional commitment to the subjects.

The lawyers have a full understanding of our business, our approach to tax issues as well as our business and invoicing flows, and this enables them to provide accurate advice on any issue or question we may have from our side.

The team is not concerned about fees, but focuses on solving our problems. In the specific case of the Portuguese team, I would like to highlight its technical skills and the ability to deal with highly complicated issues involving tax and legal procedures.

What makes Pedro Vidal Matos and Fernando Lança Martins outstanding is their technical knowledge, availability, customer knowledge (they really care to understand our business as they see this as the basis to provide the best possible advice), and the customer focus.

Diogo Ortigão Ramos is a very experienced lawyer who combines a very deep understanding of fiscal law with a very good situational awareness in all circumstances, which helps find and implement the best solution in a way which is acceptable for all parties involved.

Pedro Vidal Matos is very knowledgeable, extremely hard working and will commit to getting to the bottom of all issues in a very sound and detailed manner, which provides great confidence in his conclusions.

Marta Duarte Silva is extremely accessible, provides very short turnaround times and will follow up on pending issues until they reach their conclusion.

The team has a focus on problem solving.’

Availability, vast knowledge and an ability to explain tax matters to non-experts.’

Diogo Ortigão Ramos has outstanding professional experience.’

Pedro Vidal Matos is a stand-out figure in the market for tax litigation.’

Key clients

Apollo Global Management, LLC

Alter Venture Partners Fund I SCA, SICAV-RAIF

Magnetar Financial (UK)

Caixabank S.A.

Dhl Group

Bmw Group

Allianz S.P.A.

Arcelormittal Group

Guanabara Group

Adam Foods S.L.

Credit Suisse A.G.

Mercadona S.A.

Bosch Group

Volvo Group España S.A.U.

Vodafone Portugal SA

Swedish Match Portugal S.A.


Iberwind S.A.

Club Med S.A.S.

Amorim Group

Work highlights

  • Representing PARVEST Société d’investissement à capital variable in a case challenging the tax authorities’ refusal to reimburse the Portuguese corporate income tax withheld in 2015 and 2016 on Portuguese-sourced dividends paid.
  • Representing National Air Cargo (Madeira) against a CIT assessment over an intra-group loan qualified as a dividend distribution by the Portuguese tax authorities.
  • Representing ROBINSON Hotels Portugal on its challenge against a series of VAT assessments issued pursuant to a tax audit procedure in connection with the tax treatment of full-board hospitality services.


Commended for its 'in-depth knowledge of taxation', the team at Garrigues stands out for its 'response times and its ability to listen to client feedback'. The team regularly handles complex transactional work and dispute resolution mandates. Cross-border transactions are a central focus, particularly in the real estate sector, and it also fields a growing private client practice. With 'exceptional tax disputes expertise', Pedro Miguel Braz enjoys a 'stellar reputation' and has a 'strong following' in the market. Senior partner Fernando Castro Silva is also a key figure for transactional work and disputes.

Practice head(s):

Pedro Miguel Braz; Fernando Castro Silva; Tiago Cassiano Neves


Pedro Miguel Braz is the partner that stands out in the crowd; he combines knowledge with the soft skills required to provide outstanding client service.

Has in-depth knowledge of taxation.’

‘Response times and an ability to listen to client feedback.’

Pedro Miguel Braz has exceptional tax disputes expertise.‘

Pedro Miguel Braz has a stellar reputation and a strong following.’

Key clients

Banco Santander









Allianz Capital Partners

Work highlights

  • Advised on tax structuring matters relating to Allianz Capital Partners’ acquisition of the largest solar project in Portugal.
  • Advised Fidelidade on the tax structuring and acquisition of the largest single plot of land in the centre of Lisbon.
  • Advised Novo Banco on the tax aspects of the disposal of a real estate portfolio to New York-based Anchorage Capital Group.

Morais Leitão, Galvão Teles, Soares da Silva & Associados

Morais Leitão, Galvão Teles, Soares da Silva & Associados' 'sizeable' tax team handles a full range of tax-related instructions, fielding experts across transactional matters, restructuring and complex contentious cases. Tax planning, income tax, international tax law and customs and excise duties are also key areas of expertise for the 'knowledgeable' team. Clients include leading financial institutions, domestic and international companies and high-profile individuals. The 'outstanding' Francisco de Sousa da Câmara is based across the firm's Lisbon and Funchal offices and handles corporate tax and dispute resolution instructions. Oporto-based António Lobo Xavier is regularly engaged on the tax aspects of complex M&A transactions and Bruno Santiago in Lisbon handles contentious and non-contentious mandates.

Practice head(s):

Francisco de Sousa da Câmara; António Lobo Xavier; António Pedro Braga


A sizeable department.’

The team is knowledgeable.’

Francisco de Sousa da Câmara is outstanding.’

Work highlights

  • Advised Fundação Calouste Gulbenkian on the sale of Partex to PTT Exploration and Production (PTTEP), a Thai public oil exploration and production company.
  • Advised Brisa-Autoestradas de Portugal on legal and tax analysis within its operations and evaluated the need to adapt to new tax provisions.
  • Advising Cristiano Ronaldo in high-profile tax litigation proceedings before the Spanish tax authorities and courts.


Based across the firm's Lisbon and Oporto offices, the tax team at PLMJ possesses broad domestic and international experience. Transactional advice is a key pillar of the practice, where the team is often engaged on M&A, banking, restructuring and real estate-related matters. Complex and sensitive tax litigation is also a central focus of the team, where it is instructed by domestic and international clients. Serena Cabrita Neto in Lisbon is experienced in high-profile tax disputes and Oporto-based Miguel C Reis is noted for transactional matters. João Velez de Lima, who is also based in Oporto, handles contentious and non-contentious work. Isaque Ramos recently joined from McKinsey & Company.

Practice head(s):

Serena Cabrita Neto; Miguel Reis


Miguel Reis is a lawyer with a lot of experience in the tax area. He makes a very objective analysis of problems.

João Velez de Lima is also recommended.

Key clients


Philip Morris International (Portugal)



Bacardi-Martini Portugal


Galp Energia, SGPS, SA

RAR Group

Mystic River/Douro Azul

Future Healthcare

Work highlights

  • Advised Transportes Aéreos Portugueses (TAP) on the tax aspects of the public offering of notes (retail and institutional) and on its admission to trading in Euronext Lisbon.
  • The firm’s tax team worked alongside the corporate, M&A and finance teams in advising Morgan Stanley Infrastructure Fund on the acquisition of a nationwide portfolio of telecom towers.
  • Advised Minor International on the tax aspects regarding the sale of a portfolio of hotels in Lisbon.

Rogério Fernandes Ferreira & Associados, SP, RL

Boutique business and tax offering Rogério Fernandes Ferreira & Associados, SP, RL is experienced in a range of national and international tax matters, and the team possesses in-depth expertise in tax planning and tax disputes. It is particularly noted for its track record in advising energy-sector clients and is also active across a number of sectors, including education, media and transport. Tax specialist Rogério Fernandes Ferreira heads the firm and is a 'very talented and professional lawyer, with a lot of experience in the energy sector'. He is ably supported by Marta Machado de Almeida.

Practice head(s):

Rogério Fernandes Ferreira


Rogério Fernandes Ferreira is a very talented and professional lawyer, with a lot of experience in the energy sector.

Work highlights

  • Advising on an administrative and judicial claim against the Portuguese Energy Sector’s Extraordinary Contribution.


The 'outstanding' tax team at VdA 'provides high-quality advice with a practical approach'. It is often engaged to advise on the tax aspects of complex, cross-border transactions, and fields expertise across the energy, financial services, real estate, insurance, transport, energy, infrastructure, healthcare and life sciences sectors. Private wealth management, tax controversy, corporate tax, VAT and other indirect tax matters are also key pillars of strength for the sizeable team. Tiago Marreiros Moreira is noted for his international tax expertise and leads the department, while tax litigator Joaquim Pedro Lampreia is 'someone who is always available and stands out for his value-added attitude'. Managing associate Francisco Cabral Matos is a 'fantastic lawyer' with 'excellent tax knowledge', and recently promoted senior advisor Conceição Gamito heads the indirect tax team. Managing associate Ricardo Seabra Moura is also recommended.

Practice head(s):

Tiago Marreiros Moreira


Tiago Marreiros Moreira is brilliant; he is 24/7 ready to assist you.

Francisco Cabral Mato is a solid and reliable professional, with a very kind and friendly manner.

Ricardo Seabra Moura is very friendly and a fantastic peer; it is nice to have him on a deal.

Conceição Gamito has impressive expertise in VAT, great knowledge and a pragmatic focus.

This is definitely the best team in Portugal; it covers all tax matters very efficiently and speaks the same language as us.

Joaquim Pedro Lampreia is a miracle worker, both in tax litigation and in tax planning; his complete mastery of litigation gives him a competitive edge on consultancy work.

An outstanding tax team.’

The team provides high-quality advice with a practical approach.’

Joaquim Pedro Lampreia is someone who is always available and stands out for his value-added attitude.’

Francisco Cabral Matos is a fantastic lawyer and has excellent tax knowledge.’

Key clients

AB Group / Vanguardeagle


Banco de Portugal


Trustenergy Group

José de Mello Group (including Brisa Group)

Deutsche Bank

CTT (national postal service)

Generg Group




Tranquilidade Seguros

Sport Lisboa e Benfica



Siemens Postal, Parcel & Airport Logistics

Johnson & Johnson

Work highlights

  • Advised Banco Comercial Português, Caixa Geral de Depósitos and Novo Banco on the tax aspects of the renegotiation of terms and conditions of the Framework Agreement entered into by and between these Banks and the Teixeira Duarte Group in 2018 for the reconfiguration of the Group’s debt.
  • Provided Arrow Global Group with non-performing loans (NPLs) tax advice.
  • Advised Altice Europe, through its subsidiaries MEO – Serviços de Comunicações e Multimédia and PT PORTUGAL, on the tax aspects of the sale of equity stakes in its telecoms tower businesses in Portugal, creating the first tower company in Portugal.

Abreu Advogados

Abreu Advogados' 'very responsive team' is 'dedicated to the project and shows great availability'. Advising on the tax aspects of M&A, banking and real estate transactions is a key feature, as are complex tax disputes and consultancy matters. It offers experience across domestic and international tax, as well as transfer pricing issues. The 'growing team', which welcomed several new arrivals from PLMJ in 2019 including Nuno Cunha Barnabé, acts for clients including high-profile tech companies, multinational groups, leading banks and high-profile individuals. Firm founder Miguel Teixeira de Abreu, who is now an honorary partner, is a well-known figure in the market, and Alexandra Courela is 'very reliable and engaged'.

Practice head(s):

Miguel Teixeira de Abreu; Maria Dulce Soares; Pedro Pais de Almeida


This is a relatively recent firm, which has grown very fast and now competes directly with older, more established firms. Enjoys a great reputation, as competent, non-stuffy, reasonably costed and transparent. From my experience, it is unique in international law, especially in its fiscal and commercial aspects.

It has complementary teams which are easily incorporated to assist with related problems.

The work delivered met very good standards.

Alexandra Courela is very responsive and available while providing high-quality advice.

Miguel Teixeira de Abreu showed a great expertise with respect to the Portuguese tax environment.

My main lawyer is Alexandra Courela, who is an excellent fiscal expert, has good background in UK law and manages evolving teams very efficiently to respond to my various concerns.

The very responsive team is dedicated to the project and shows great availability.’

It is a growing team.’

Alexandra Courela is very reliable and engaged.’

Key clients

LVMH Moët Hennessy Louis Vuitton


Frey SA

Bristol-Myers Squibb

Liebherr Portugal Lda.


RP Global

Work highlights

  • Advised LVMH Moët Hennessy Louis Vuitton on the tax aspects of its €2.8bn acquisition of Belmond, which is the owner, part-owner or manager of 46 luxury hotel, restaurant, train and river cruise properties.
  • Advised on the tax aspects of Bristol-Meyers Squibb Company’s €1.4bn sale of the shares of its French subsidiary, UPSA SAS, together with the distribution business carried-out by the BMS subsidiary located in Portugal.
  • Advised on the tax aspects of Frey’s €180m acquisition of a shopping centre, retail park and a development plot from a fund managed by CBRE GIP and Sonae Sierra.


Benefitting from the firm's extensive international footprint, DLA Piper ABBC is 'increasingly one of the best options for resolving cross-border tax issues' and it is valued for its 'solid knowledge and responsiveness'. The team is regularly called on to advise on complex transactional matters, and also offers significant contentious expertise. The aviation, tobacco, gambling and energy sectors are notable areas of activity for the 'assertive' team. Tax litigator António Moura Portugal leads the team and stands out for his 'vast knowledge'. Senior associate Ana Carvalho is a 'real asset' and handles complex tax structuring mandates.

Practice head(s):

António Moura Portugal


The knowledge the team has gained over the last few years about the sector makes it unique and today it has a collection of information and exclusive and direct competence.

The technical responsiveness in Portugal, combined with the ability to provide clients with the worldwide network of clients guarantees us high-level, fast-response tax advice that enables it to truly act as a one-stop shop.

The new venture capital tax advisory area, with the ability to bring together know-how and expertise in this area of ​​US and UK offices, is an area where it is clearly prominent in the market today.

António Moura Portugal is a high-quality lawyer with an undeniable strategic vision that gives confidence in following up our tax consultancy work. The ability to integrate knowledge from other areas of law and give a truly entrepreneurial perspective to tax matters is an asset that makes him stand out among his peers.

Ana Carvalho is a rising star in the tax attorney landscape, particularly in the cross-border tax and venture capital field.

The ability to fluently address IRC and VAT issues is also a major asset in the market.

Deep knowledge of the client’s problems and swift responses are the main advantages of the tax team.

My main contact is António Moura Portugal; he is an all-round lawyer and leads a very efficient team. Qualities I value for him are that he is pragmatic and pro-active.

Increasingly one of the best options for resolving cross-border tax issues using the DLA Piper network.’

Solid knowledge and responsiveness.’

An assertive team.’

António Moura Portugal has vast knowledge.’

Ana Carvalho is a real asset to the team.’

Key clients


JTI – Japan Tobacco International


Air France


Kuwait Investment Authority

Canada Pension Plan Investment Board (CPPIB)






Work highlights

  • Assisting JTI – Japan Tobacco International on the development of its tax strategy in Portugal and in terms of compliance for the launch of new products.
  • Assisting United Airlines on a dispute relating to corporate income tax in Portugal.
  • Advising Trustwind and Finerge on numerous tax claims, challenging property tax on wind farms.

Espanha e Associados

The 'quality, uniformity and efficiency of the team' is praised at Espanha e Associados, which is experienced in domestic and international tax and is regularly engaged on investments, international transactions and structures, as well as disputes. The team, which is praised for its 'technical ability' and its 'customer focus', acts for Portuguese and international clients, fielding expertise across the insurance, financial services, IT, hospitality and professional services sectors. High-net-worth individuals are also among the firm's clients. Elsa RodriguesJoão Espanha and lawyer Ricardo Peão are key figures.

Practice head(s):

Elsa Rodrigues


The tax team is very uniform, superiorly led by João Espanha and Elsa Rodrigues; they study every detail of the problems we have presented very well, and always come up with very balanced and efficient solutions to solve the problems presented.

João Espanha and Elsa Rodrigues are recommended.

The quality, uniformity and efficiency of the team.’

Excellent technical quality of the service provided and focus on the customer.’

Key clients

Portugália Group

BNP Paribas Portugal Group (Including Cardif, Arval, BNP Paribas Personal Finance, BNP Factor, etc.)

Fitness Hut, SA

Winsig – Soluções De Gestão, SA

Tecnoplano Tecnologia E Planeamento, S.A.

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

Coimbralimentar – Armazenista De Produtos Alimentares, Higiene E Limpeza S.A.

I. T. H. – Sociedade De Investimentos Turísticos E Hoteleiros S.A.

Sorimin – Compra E Venda De Imóveis, S.A.

Tcsi – Digibéria Tecnologias De Informação, S.A.

Agrosistema- Sociedade Luso- Alemã De Engenharia Agricola E Industrial, Sociedade Unipessoal, Lda

Ivo-Cutelarias, Lda.

Hotéis Dom Carlos Group

Work highlights

  • Advised Nata da Nata on the tax aspects of the merger of Nata da Nata, Temas Definidos and Tardes de Somas.


The 'technically excellent' tax team at Linklaters is 'known to provide a high-value and highly reliable service'. Working closely with the firm's corporate practice, it is a key fixture on prominent transactions and is increasingly engaged on complex disputes; it 'stands out for having a thorough theoretical and practical knowledge of the subject'. Cross-border work is a key strength for the international firm, where it is engaged on a range of projects, particularly in Portuguese-speaking countries such as Mozambique. Department head Rui Camacho Palma has 'exceptional tax knowledge across different areas and sectors and is involved in the more complex topics'. Associate Inês Pisco Bento and recently promoted managing associate José Maria Cabral Sacadura are also key figures in the 'approachable' team.

Practice head(s):

Rui Camacho Palma


The tax team in Portugal is one of the most experienced we work with.

Rui Camacho Palma and Inês Pisco Bento both provide permanent availability and a huge capacity of work; they are able to produce very high-quality documents in short timeframes. They can also synthesise the subject and explain in simple terms.

Rui Camacho Palma clearly stands out in this team, having about 20 years of experience. He is very knowledgeable about all tax matters and his opinion is crucial whenever we are looking at new transactions.

José Maria Cabral Sacadura has robust tax knowledge and is permanently available for day-to-day needs.

It supports the defence arguments very robustly through both jurisprudence and the information it collects and systematizes with the client; managing deadlines faultlessly.

Inês Pisco Bento and Rui Camacho Palma have the ability to have deep, technical and yet jargon-free discussions about our cases. They offer clear and practical advice/guidance and are excellent at managing client expectations. They are always available to talk whether on the phone, SMS or email.

It is very pragmatic and adopts a constructive approach to the client’s needs, which fits very well with our team’s requirements.

Rui Camacho Palma and Inês Pisco Bento have solid expertise, are dedicated to clients’ needs and have an ability to deliver positive results/outcomes for the client.

The technically excellent team is known to provide a high-value and highly reliable service.’

The team stands out for having a thorough knowledge of both theoretical and practical aspects of the subjects; supporting the defense arguments very robustly through both jurisprudence and the information it collects; managing deadlines faultlessly.’

Rui Camacho Palma has exceptional tax knowledge across different areas and sectors and is involved in the more complex topics.’

The team is always available and easily approachable.’

Key clients

Banco Comercial Português (Millennium bcp)


Cerberus Global Investments B.V.

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

Oitante, S.A.

Luz Saúde (Fosun Group)

DWS (Deutsche Asset Management)

Citigroup Capital UK Limited

Värde Partners Europe Limited

J.P. Morgan


Infocomunicações (Oni) / Nowo Communications (NOWO) (Apax Group)

Novo Banco, S.A.



Glennmont Partners

China Three Gorges

China Development Bank


ROADIS (PSP Investment Board)

Permira Asesores, S.L.U.

Work highlights

  • Provided tax advice to Cerberus Global Investments relating to the acquisition of a portfolio of more than 2,800 properties located in Portugal from Santander, including the acquisition financing from Morgan Stanley.
  • Advised Värde Partners Europe on the tax aspects of the acquisition, by Hexapolis, of the entire share capital of Burgo –Fundiários from Parquesoles Portugal, SGPS and Dospuntos Asset Management.
  • Advised ECS – Sociedade de Capital de Risco on the tax aspects of its acquisition of an 100% shareholding in the Vale do Lobo Group, a landmark resort in the Algarve, from the Caixa Geral de Depósitos group.

Ricardo da Palma Borges & Associados

Boutique tax offering Ricardo da Palma Borges & Associados offers a range of tax-related advice which covers contentious and non-contentious issues. Managing partner Ricardo da Palma Borges is a 'very talented lawyer for tax planning' and has 'one of the brightest minds'.

Uría Menéndez – Proença Carvalho

At Uría Menéndez – Proença Carvalho, the 'quality of the service provided is excellent and so is the teamwork, with intra-departmental co-ordination that is rare in the context of the Portuguese legal market'. Its experience covers wealth management issues ('in the private client arena, it is way ahead of its competitors'), as well as private equity, M&A and real estate transactions, and corporate restructuring mandates are also prevalent. The team is also regularly engaged on complex tax dispute resolution matters. Department head Filipe Romão is 'very pragmatic and has an open mind to help the client find better solutions for each problem'. Counsel Cláudia Reis Duarte is noted for contentious matters.

Practice head(s):

Filipe Romão


Very professional service and it is one of the few law firms that has a very strong international tax component.

I worked on a complex and very long deal with the team, and the team’s assistance and engagement has been key to finally close the transaction.

The lawyers are persuasive, confident, have an absolute contol of the financial implications of their advice, and they can express a complex situation in a straightforward manner.

Marta Pontes is an absolute pleasure to work with.

Astute technical proficiency combined with sharp business sense and access to critical local actors contributing to deliver unrivalled and pertinent solutions to the clients.

Capacity to explain complex concepts and solutions in a language that is accessible to non-academics or non-specialists.

The team has a very pragmatic approach, always stating the risks involved and presenting one or more ways to deal with the client issue. The lawyers are always available to answer my questions, which I value.

Filipe Romão has a profound knowledge of the law, but also of the financial issues of the companies. He is very pragmatic and has an open mind to help the client in find the better solutions for each problem. He also leads a great team.’

The team is excellent, very quick in providing responses, and the quality of the work performed is outstanding.

Filipe Romão is perhaps the best private client lawyer in Portugal; very experienced and knowledgeable about the law, he has set up a very competent team to work with him, which means constant feedback, responses and great quality.

The quality of the service provided is excellent and so is the teamwork, with intra-departmental co-ordination that is rare in the context of the Portuguese legal market.’

In the private client arena, it is way ahead of its competitors.’

Key clients

Grand Bay Residences SICAFI, SA

DWS Grundbesitz


Cheyne Capital



Tristan Capital Partners LLP.







Bank of America

Work highlights

  • Advising individual investors and Grand Bay Residences SICAFI on the investment structure, the company itself, and on the acquisition of properties, development and financing.  
  • Advised DWS Grundbesitz on the acquisition of a large shopping centre located in Leiria, Portugal.
  • Provided tax assistance to Oaktree regarding several real estate projects.

Campos Ferreira, Sá Carneiro & Associados

Campos Ferreira, Sá Carneiro & Associados advises on the tax aspects of a range of real estate and finance transactions and acts for domestic and international clients. Wealth management matters and tax-related disputes are also central focuses for the department, which is led by António Rocha Mendes.


With its international presence, CMS is well placed to advise on cross-border transactions and restructurings for national and international clients. VAT and other indirect tax matters are also a central area of expertise, as are complex tax disputes. Patrick Dewerbe is the key contact.

FCB Advogados

FCB Sociedade de Advogados is experienced across international and domestic tax mandates; the team is regularly engaged on transactional matters, tax planning, structuring, transfer pricing, VAT and disputes. Internationally, the team is particularly adept at providing tax advice on cross-border investments and has recently been engaged in matters in Angola and Mozambique. The team is also instructed by a number of high-net-worth individuals on tax-related matters. Diogo Bernardo Monteiro is the practice head.

Practice head(s):

Diogo Bernardo Monteiro

Key clients



Metro AG



Lagardère Travel Retail



Exide Technologies


Work highlights

  • Advising several high-net-worth individuals on structuring the change of residence to Portugal, obtaining a special non-habitual resident tax status and structuring further local investments.
  • Advising Patreon on structuring the change of residence to Portugal, obtaining a special non-habitual resident tax status and structuring further local investments.
  • Representing a Portuguese and Angolan real estate and construction group on tax disputes.

SRS Advogados

SRS Advogados excels across domestic and international tax-related instructions and is commended for its 'expertise, work capability, client proximity and business acumen'. Corporate and individual tax matters are a central focus and the team is regularly instructed on transactional matters such as M&A, capital markets, corporate restructuring and real estate transactions. Tax controversy work is also a key pillar of the team's expertise. João Maricoto Monteiro is the key contact.

Practice head(s):

João Maricoto Monteiro


João Maricoto Monteiro is the lawyer to go to on any fiscal matters.

Key clients

Tabaqueira – Philip Morris International

Vodafone Portugal

Europe Assistance

Boehringer Ingelheim

Grupo A. Santo



Novo Banco

Hotusa Hoteles



Work highlights

  • Advised M7 on the structuring of the financial operation for the acquisition of 16 assets in Portugal.
  • Advised Cabot Square on the tax structuring of the sale of 321 Credito, and the subsequent liquidation of the Portuguese SPV, exit taxation and distribution of the proceeds to a Luxembourg-based company.
  • Representing Vodafone in enforcement proceedings against the Portuguese state.


'Highly reputed tax litigation boutique' AFDO-adv is commended for its experience in tax controversy, litigation and arbitration matters. It handles domestic and cross-border instructions and 'stands out for its technical ability in tax litigation, combativeness and attention to the smallest detail that may provide the opportunity for victory in the judicial or arbitration proceedings'. Tax advice regarding complex financial instruments, company reorganisations and M&A is also a key feature of the team and clients include private individuals as well as leading companies; its 'hallmark is total customer dedication'. Team head António Fernandes De Oliveira has a 'very assertive and passionate approach to the subjects and demonstrates great technical knowledge'.

Practice head(s):

António Fernandes de Oliveira


My experience with AFDO has been very positive with a very high success rate in complex litigation with the tax authority.

António Fernandes de Oliveira is pragmatic about the topics he identifies as defensible or not and in negotiating the conditions of his service, which facilitates interaction between customer and supplier.

Cohesive team with perfectly integrated different fiscal skills that guarantee the client a complete and high-quality service. The work done by the team is distinguished by innovation, attention-to-detail and the adoption of prudent timings that ensure the timeliness of all acts.

I would undoubtedly recommend the partner António Fernandes de Oliveira; a lawyer who treats each case as his own; he exhausts all arguments and can transpose all his imagination into properly supported legal bases.

The team has strong know-how in tax matters and is distinguished by its pro-active and widely available approach to customer needs. In the various experiences developed, the team has always been able to adapt to the various types of work and the various types of clients, without neglecting the quality of the work.

António Fernandes de Oliveira and Mónica Respício Gonçalves demonstrate technical and personal skills that, allied, transmit confidence to customers. They are both very flexible people in dealing with clients, adapting the speech to the interlocutors with humility and sympathy. This individualised approach creates a very good proximity to clients.

António Fernandes de Oliveira stands out among his peers in the context of tax litigation in Portugal.

The firm provides fantastic customer service and knowledge around complex tax issues. They provide feedback in a timely manner and are very knowledgeable.

Mónica Respício Gonçalves has easily broken down complex problems into easy actionable steps to resolve. She is always on call to help out and provides insight where necessary. She is also native-speaking level in both English and Portuguese, which has been an amazing support.

Mónica Respício Gonçalves has displayed excellence in all aspects; she is fast, efficient, provides instant feedback and is thorough in all matters, and yet always makes me feel I am a special and valued client.

A highly reputed tax litigation boutique that stands out for its technical ability in tax litigation, combativeness and attention to the smallest detail that may provide the opportunity for victory in the judicial or arbitration proceedings.’

Its hallmark is total customer dedication.

António Fernandes De Oliveira has a very assertive and passionate approach to the subjects and demonstrates great technical knowledge.’

Work highlights

  • Represented a client in a €1.5m arbitration claim on tax deductibility.
  • Represents a client in a €10m arbitration on tax deductibility of interest by holding companies.
  • Represents more than 20 companies in a €30m litigation on corporate tax credits.

Caiado Guerreiro

Caiado Guerreiro handles a range of tax matters; Tiago Caiado Guerreiro heads the team, which boasts expertise across tax disputes, as well as reorganisations, M&A, project finance and privatisation transactions. Income tax, VAT, excise duties, stamp duty, transfer pricing and double taxation are key areas of expertise. Clients include domestic and international companies and high-net-worth individuals, while the real estate, insurance, financial services and industrial sectors are notable areas of activity.

Practice head(s):

Tiago Caiado Guerreiro

Key clients

Crédit Agricole Leasing & Factoring






Bankinter, S.A.

Orthogon Partners


Work highlights

  • Assisted Crédit Agricole Leasing & Factoring on the merger of its Portuguese subsidiary.
  • Assisted a French private client with his personal relocation to Portugal.
  • Advised SECRETBEACH on the implementation of a tourism-related business.

Macedo Vitorino & Associados

Macedo Vitorino & Associados is instructed on tax structuring work for a range of financial services and corporate clients and its experience includes M&A, financing and real estate transactions, often with a cross-border element. André Vasques Dias heads the department, which also acts for a number of high-net-worth individuals and has advised on several relocations to Portugal.

Practice head(s):

André Vasques Dias

Key clients

Barclays Bank

Work highlights

  • Advising Barclays Bank in connection with the tax disclosures of several Base Prospectuses (BP) to be published under the Barclays Global Structured Securities Programme.


MGRA SP RL is instructed by domestic and international clients on contentious and non-contentious tax issues. The team acts for leading companies and private clients across a range of tax planning, advisory and litigation matters. The real estate, energy, IT, media and leisure sectors are key areas of activity. Mário da Rosa Amaral is the practice head.

Practice head(s):

Mário da Rosa Amaral

Key clients



Connemara Properties









Ray Allen, INC


Work highlights

  • Advised Hijos de Riviera/Estrella Galicia on several tax matters regarding Portuguese operations.
  • Advised Greenalia on the structuring and implementation of activity in Portugal.
  • Advised OTLIS on contentious and non-contentious tax matters.

Ramos Pereira e Sampaio - Sociedade de Advogados

Oporto-based tax boutique Ramos Pereira e Sampaio - Sociedade de Advogados is instructed across a range of contentious and non-contentious tax issues and is experienced in domestic and international matters.

RRP Advogados

The lawyers at RRP Advogados are praised as 'great connoisseurs of this area of ​​law'; they form a 'strong, enthusiastic and efficient team that provides clear communications'. Affiliated with the EY Global Law network, the team enjoys a growing reputation in the market for complex tax controversy, planning and advisory matters. Managing partner Ricardo Reigada Pereira is commended for his 'phenomenal knowledge in tax law'; his 'great knowledge combined with a magnificent creative thinking embodies a great lawyer and a true professional'.

Practice head(s):

Ricardo Reigada Pereira


Excellence in the quality of services provided by customer service, monitoring, and personalised communication with the customer, regardless of its size.

Always attentive to customer needs with professionalism.

Ricardo Reigada Pereira stands out for his exceptional customer service, professionalism, and the attention devoted to customer concerns regardless of size; the way he communicates that is effective.

Teamwork is very organised from my point of view; each member of the team knows exactly its part of the work and makes sure that all the others are well informed of any new information.

Ability to develop innovative legal arguments, sound legal-fiscal concepts.

Ricardo Reigada Pereira stands out for his clarity, assertiveness and technical soundness.

A new office that has gained a growing reputation and quality in tax litigation and tax advice, which our group resorts to when it has the most complex or innovative litigation challenges.

‘Ricardo Reigada Pereira is one of the tax leaders in Portugal. Its technical and practical competence in litigating EU tax law is practically unmatched by peers.

Repeatedly Ricardo Reigada Pereira gives us proof of his ability to lead our tax processes exceptionally and has obtained successes that at first seemed hardly achievable.

Excellent technical quality, availability and accuracy.

In terms of quality, we rate the firm and team very highly, both from a professional point of view and from a work attitude point of view.

Ricardo Reigada Pereira and Rita Nunes have a highly professional attitude, provide quality and timely replies, and are highly trustworthy and knowledgeable.

High-profile capabilities and a problem-solving approach; anything is solvable and with the best possible results for the client.

Ricardo Reigada Pereira is an exceptional mind, strategist and human being; his approach is honest, intelligent and innovative.

Leonardo Scolari is proactive.

Great connoisseurs of this area of ​​law.

The strength is the strong, enthusiastic and efficient team that provides clear communications and also can cover other necessary work streams in-house such as real estate, finance-related advice, corporate matters.’

Ricardo Reigada Pereira stands out for his phenomenal knowledge in tax law.’

Ricardo Reigada Pereira’s great knowledge combined with a magnificent creative thinking embodies a great lawyer and a true professional.’

Key clients


AEW Europe City Retail Fund

AM alpha Kapitalverwaltungsgesellschaft

Amorim Luxury


EDP Renováveis

Japonica Partners

Marina OS


Mitiska REIM

Max Finance



Suzlon Energy Limited

The Navigator Company


Suitable Universe


Work highlights

  • Advised AM alpha, in partnership with German fund Nordrheinische Ärzteversorgung, on the acquisition, by means of a share deal, of a retail park in Greater Lisbon.
  • Advised Mitiska REIM on the acquisition of a plot of land from Blackstone, where the Portimão Retail Park was located.
  • Representing Mercedes-Benz on an autonomous taxation controversy case.

Sérvulo & Associados

With a focus that spans complex tax disputes as well as tax advisory mandates, Sérvulo & Associados is 'very responsive and dedicated, emphasising the understanding of client's needs and bringing creative solutions for them'. The team, which acts for corporates and individuals and has domestic and cross-border expertise, handles finance and M&A transactions, corporate and asset restructurings and VAT matters. On the contentious side, the team has experience across a range of significant tax disputes and litigation specialist Ana Moutinho Nascimento was recently promoted to partner. Diogo Feio heads the practice and is recommended.

Practice head(s):

Diogo Feio


The tax team offers multi-disciplinary and business-oriented advice, providing a pragmatic approach supported with wide and strong knowledge on the particulars and rules, case law and administrative practices applicable to the transaction.

Diogo Feio is very responsive, permanently following the development of our business, and always available.

Teresa Pala Schwalbach advises us with a very valuable balance between  strong, in-depth technical and legal knowledge and a pragmatic-business orientated approach. She is very responsive.

Rita Botelho Moniz is very analytical, with solid tax knowledge. She is very responsive and very dedicated to our project.

I believe that the main service quality distinctions are: its commitment towards the timely and successful completion of the projects; working hand-in-hand with the client rather than only for him; its capability of adopting a comprehensive 360º view; and fundamentally, a genuine openness to participate in a multi-disciplinary and cultural team-work approach, aligned to optimise the potential project outcome.

One of the main characteristics I perceived from the beginning was the deep involvement of the team, at every level, both in first listening carefully to the project requirements before jumping into early conclusions, trying to fully understand the scope of works required.

In meeting either with associates and/or partners, as of a client stand-point, there seemed to be always a full integration of every seniority level into the process, and I never needed to repeat anything previously discussed.

I would like to make special mentions for Diogo Feio, Teresa Pala Schwalbach and Sofia Carreiro, not only for their professionalism, but also for their personal commitment to go the extra mile and think out of the box if necessary.

Very responsive and dedicated, emphasising the understanding of client’s needs and bringing creative solutions for them.’

Key clients

NAMA – National Asset Management Agency


Madeira Autonomous Region

Several private clients

Sports Law clients

Abbott Laboratories (through Baker & McKenzie NYC)

Listed companies

Work highlights

  • Advises NAMA – National Asset Management Agency on a range of tax matters relating to the management of its assets in Portugal.
  • Advising the Regional Government of Madeira in the context of the European Commission’s decision to proceed to an in-depth investigation regarding its more favourable tax regime (free zone).
  • Advises BES in various tax matters related to the resolution measure applied by the Bank of Portugal in 2014.


Commended for its 'personalised service', BELIM stands out for its 'deep expertise' across VAT and indirect tax matters. The team is regularly instructed by international clients operating in Portugal and is engaged by clients active in imports and exports. Tax disputes and personal tax matters are also key components of the 'specialist' practice. Firm founder Catarina Belim is 'efficient, astute and practical; always ensuring the high level of work produced' and is 'super strong on VAT issues'.

Practice head(s):

Catarina Belim


We have, with Catarina Belim and Pedro Soares Caeiro, constant support and concern for our business and we understand that this is the differentiating point; they strive to know our business, how to operate and provide solutions.

It is specialised in the area of VAT and resolves queries with a deep understanding of Portuguese and EU VAT law, often managing all work until the issue or problem is resolved.

Catarina Belim is our most valuable partner in EU VAT law; she is quick, reliable and accurate.

In contrast to a big, full-size law firm, you find a dedicated and personalised service.

Catarina Belim is a top-notch, brilliant lawyer, who is abreast of worldwide trade and customs matters. In addition, she is deeply knowledgeable in VAT issues, which makes her a comprehensive capable lawyer.

Personalised service.’

Catarina Belim is efficient, astute and practical; always ensuring the high level of work produced.’

Catarina Belim is super strong on VAT issues.’

CCSL Advogados

With 'vast experience' and 'great response times', boutique offering CCSL Advogados 'puts its clients first'. The Lisbon-based team acts for leading companies and individuals on a range of contentious and non-contentious tax issues. José Calejo Guerra receives strong praise.

Practice head(s):

José Calejo Guerra


The straightforward advice is the key strength for me. Whilst many firms have well qualified and experienced people, the firm stands out for me as they simplify complex issues, which gives us great peace of mind.

José Calejo Guerra is not only a top lawyer, but he speaks fantastic English and this is a great benefit when it comes to complex matters. He also has great personal skills and our clients and business partners like dealing with him too.

José Calejo Guerra is a great communicator, honest, is a man of principal, stands his moral ground, is practical, puts clients first, has vast experience in tax and is direct and doesn’t waver.’

The firm has the know-how and capacity to engage and assist my demands and my company needs. The lawyers are very proactive and are always available for attending to and supporting my requests.

Available at all times.

Vast experience.’

Great response times.’

Puts its clients first.’

Work highlights

  • Support in general operations relating to a €50m investment in the agriculture sector in Portugal.
  • Representing a client before Portuguese insurance and tax authorities.
  • Assisting a real estate fund on its activity in Portugal.

Durham Agrellos

Durham Agrellos is a 'boutique law firm in Portugal that provides clients with tailor-made solutions' and the lawyers are 'always available and attentive to customer needs'. As 'experts in tax', the team excels across tax planning and tax controversy instructions, fielding expertise in family business governance, private client and wealth management matters. Clients include family-owned groups, high-net-worth and ultra-high-net-worth individuals, banks and family offices. Miguel Durham Agrellos is highly regarded.

Practice head(s):

Miguel Durham Agrellos


A top business, tax and private client boutique law firm, with top-notch customer service.

I highlight Miguel Durham Agrellos, who competently solves all the questions that are posed to him.

Very reliable and consistent advice.

Miguel Durham Agrellos is an expert in tax. He is very available and keen to respond to client’s needs.

Paulo da Rocha Pichel stands out for his professionalism, ability to meet deadlines, expert tax advice, excellent communication skills and availability.

It can communicate in English, as well as other languages, and seems to have excellent connections to administrative authorities, which is key to doing business here in Portugal.

Miguel Durham Agrellos and Daniela Moreno da Costa are extremely responsive, and both met rather tight deadlines. This firm is small and can give quick individual attention to a problem, unlike some of the larger firms in this country.

The firm also has an outstanding record with regards to international fiscal law, as well as family governance.

I can say Miguel Durham Agrellos is extremely professional and reliable, has a deep knowledge of Portuguese tax laws, and reacts quickly whenever we need his services.

Miguel Durham Agrellos and Paulo da Rocha Pichel are great technically, are confident and provide clients with clear answers to their queries, which is quite rare in Portugal.

The team has great knowledge and experience of the Portuguese government processes and mechanisms, which gives customers a spearhead advantage over those firms that are simply trying to navigate throughout the bureaucracy.

Miguel Durham Agrellos exceeded my expectations regarding the care, in making sure the client has all the necessary support and information.

The firm provides tailor-made, quality advice and we know clients are in safe hands when seeking their advice.

Miguel Durham Agrellos, founding partner of the firm, is definitely a lawyer I would recommend to anyone seeking tax or legal advice in Portugal. He is extremely professional, but with excellent soft skills.

Our experience with the firm is excellent. The lawyers are very knowledgeable, objective, fast and always available. We consider that their relevant experience and academic background is extremely important and provides significant comfort to our clients and ourselves. The lawyers really think ‘outside the box’.

Miguel Durham Agrellos is currently the lawyer to consult in complex and international private wealth and tax matters, including tax controversy (in particular tax arbitration). He also provides an outstanding client service.

Paulo da Rocha Pichel is a very sharp and fast thinking lawyer with an excellent academic background. He is also very strong in family governance and in tax disputes.

Miguel Durham Agrellos is a very good tax lawyer, with care and attention for his client’s topics.

A very professional and organised company.

I consider Miguel Durham Agrellos to be an expert in tax processes and M&A activities.

A boutique law firm in Portugal that provides clients with tailor-made solutions.’

Always available and attentive to customer needs.’

Experts in tax.’

Key clients

Unilabs Group


Yves Rocher Group

Atrium Investimentos


Associação Comercial do Porto

Adalberto Fashion Group



Essência do Vinho


Work highlights

  • Representing Unilabs Group on the transfer of high-profile VAT proceedings from a State Tax Court to a Tax Arbitration Court.
  • Representing Base Group in discussions with the Portuguese Tax Authorities and on the transfer of several high-profile VAT proceedings, in the amount of approximately €10m, to Tax Arbitration Courts.
  • Advising on the restructuring of Engexpor Group, in the context of a significant generational transition at the shareholder level.

pbbr - Sociedade de Advogados RL

pbbr - Sociedade de Advogados RL boasts longstanding experience in tax matters. João Marques Pinto leads the team, which handles a range of contentious and non-contentious matters, with particular experience across tax disputes, tax planning, restructuring and corporate matters. The real estate sector is a key focus.

Practice head(s):

João Marques Pinto

Key clients

Bouygues Immobillier




Alves & Martins, S.A.

Group RRE


Armazém F


Work highlights

  • Representing Bouygues Immobillier on an IRC claim.
  • Providing tax advice to Atenor relating to the acquisition of a plot of land for the development of an office building.
  • Providing tax assistance to Signal Capital Partners LLP regarding the disposal of a tourism project.

Raposo Bernardo

The tax team at Raposo Bernardo has a 'global view of affairs, can relate a subject and foresee situations for the future' and is experienced across complex contentious and non-contentious issues. Corporate tax is a key focus and the team is active across the aviation, energy, infrastructure, banking, finance, insurance, pharmaceuticals, oil and gas and sports sectors. Carlos Santiago is a name to note.

Practice head(s):

Carlos Santiago


Lawyers are fully available, every time, providing sharp advice in good time.

Carlos Santiago is a lawyer with a high work capacity.

It is extremely careful to construct scenarios with the proper explanations regarding the fiscal impact. Another feature that I highlight is that it knows our industry very well, which is critical. I highly recommend it for any job that involves tax advice, regardless of the size of the project.

Carlos Santiago has the necessary experience and high knowledge to advise in every circumstance of a tax matter, which, I should add, are very complex.

It has large, multi-disciplinary business support teams, with tremendous quality lawyers.

It is very transparent and communicative about what it is doing.

Carlos Santiago is the tax expert we most trust for his great know-how in Portuguese and European tax law. He is very attentive, explains all the alternatives very well, knows how to find the best solutions, is very responsible and is interested in knowing our sector, which is very specific.

Has a global view of affairs, can relate a subject and foresee situations for the future.

The service it offers is of a technical quality that is at the highest level, covering every possible detail and scenario.’

Work highlights

  • Advises a client on a range of corporate tax matters.
  • Advises a client on financial taxation issues.