Global

Details

  • Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 6/28/2013

Portugal - Investment tax incentives 

June 28: In Portugal, a package of tax incentives includes measures that:
  • Introduce an “extraordinary” tax credit for investments, with a tax deduction equal to 20% of the amounts invested between 1 June and 31 December 2013 (up to a maximum of €5 million), and also provide a carryforward of unused amounts of the tax credit for five subsequent tax periods
  • Expand to 2017 (from 2013) the time for applying for application of the Regime Fiscal de Apoio ao Investimento (RFAI), and increase the maximum tax deduction under the RFAI regime to 50% (from 25%) of the amount of corporate income tax assessed
  • Reduce to €3 million (from the current minimum investment threshold of €5 million) for investments in order to invoke the tax contractual incentives regime
  • Reduce the maximum response time for “urgent tax binding rulings” by 30 days
  • Create a tax office to provide support for international investors

Read a June 2013 report [PDF 87 KB] prepared by the KPMG member firm in Portugal: Tax incentives for investment, growth and employment


For more information, contact a tax professional within KPMG in Portugal:


Luís Magalhães

+351 210 110 087


Maria do Céu Carvalho

+351 220 102 353




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