The proposal to amend the Portuguese Investment Tax Code and the Portuguese Tax Incentives Statute foresee the increase of IRC tax credit (25%), the increase for investments in disadvantaged regions, creation or maintenance of work posts, contribute for the technological innovation or for the protection of the environment.
It also foresee the extension of the exemption or reduction of property tax (IMI), as well as the scope of the Stamp duty exemption.
The new measures form part of the draft law 229/XII recently approved by the Council of Ministers that is now subject to the approval of the Portuguese Parliament.
We highlight the following incentives to StartUps:
To find out more about StartUps - AMM Legal Update.