On 8 January 2020, Regional Legislative Decree No. 1/2020/A was published in the Official Gazette, which provides for the approval of the 2020 Budget measures for Portugal's Azores autonomous region. One of the main tax-related measures is the setting of the strategic sectors of the economy for which the deduction for reinvested profits may be applied, as provided under Regional Legislative Decree No. 2/99/A. This includes reinvestments in: tourism promotion and rehabilitation of tourism enterprises; the acquisition of new fishing vessels; scientific research and experimental development (R&D) of relevant interest; strengthening the export capacity of regional enterprises and the creation...