• 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

©2013 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Direct comments, including requests for subscriptions, to
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.


Share this

Share this


Subscribe to receive the latest TaxNewsFlash email alerts (you must select the option for TaxNewsFlash)

Already a Subscriber? Login

Not a member? Subscribe now

Contact us