Brussels, 17/01/2006 (Agence Europe) - The Commission has sent Portugal a reasoned opinion, the second stage in the infringement procedure, requesting it to amend its tax legislation concerning outbound interest payments. A withholding tax of 20% is levied on the gross interest paid by Portuguese resident borrowers to non-resident lenders. On the other hand, interest paid to resident financial institutions is not subject to withholding tax, although it is subject to Portuguese corporate...