De portugisiske myndigheder fremsendte ikke tilstrækkeligt detaljerede oplysninger om transaktionens forskellige etaper, som kunne have medført skattefritagelse, også uden anvendelse af artikel 25 i EBF.
The Portuguese authorities did not provide enough detailed evidence on the different steps of the operation in question that would have led to tax neutrality, even if Article 25 EBF had not been applied.