The Budget Bill for 2014 was approved by the parliament on 26 November 2013. The main changes are: Corporate taxation (a) Reinvestment of retained earnings - A new tax benefit for the reinvestment of retained earnings will be introduced to allow small and medium sized enterprises to benefit from a corporate income tax deduction of 10% of the retained and reinvested earnings used in the acquisition of assets deemed eligible. The reinvestment should be made within 2 years. This benefit is limited to 25% of the CIT due. (b) Holding companies (SGPS), Venture Capital companies (SCR) and investors (ICR) and...