Portugal's new tax regime for undertakings for collective investment (UCI) (Decree-Law No. 7/2015) entered into force on 1 July 2015 and generally applies from that date.

UCI Types

The new regime applies to the following Portuguese UCI types:

• Securities investment funds (fundos de investimento mobiliário);
• Real estate investment funds (fundos de investimento imobiliário);
• Securities investme…