Regulatory Alerts2024-03-15
Added · Updated
Instruction No. 4/2024
The Bank of Portugal amends the reporting exemption threshold for foreign exchange statistics, raising the annual limit for economic and financial operations to 250,000 euros. Entities exceeding this monthly threshold after starting operations or previously benefiting from the exemption must begin reporting within four months, covering the intervening period. Entities exempt under the new threshold retain this status for the reporting period immediately following the instruction's entry into force. This instruction takes effect on the date of its publication.
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