Court dismisses bank's challenge to sectoral contribution, ruling EU principles of equivalence and proportionality do not apply to national tax measures.

The Administrative Court unanimously dismissed Banco 1... (Portugal), SA's appeal against a sectoral contribution imposed by the Tax and Customs Authority. The bank argued that the measure violated EU principles of equivalence and proportionality, claiming it was discriminatory and excessive compared to other financial sectors. The court rejected these claims, holding that the specific legislative framework governing the sectoral contribution does not incorporate or require the direct application of these general EU principles in this context.