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Changes to Portugal's Contractual Tax Incentives Published

10 November 2014

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Approved Changes

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Portugal

On 31 October 2014, changes to Portugal's contractual tax incentives regime were published in the country's Official Gazette. The changes include: The maximum corporate tax credit amount that can be granted is increased from 20% to 25% of the eligible investment The following additional tax credits are introduced A tax credit of 10% for qualifying investments in certain low income regions A tax credit of 8% for qualifying investments that create new jobs A tax credit of 6% for qualifying investments contributing to technological innovation or the protection of the environment The tax credit amount granted is decided by the...