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Madeira's New Investment Tax Code

A special Investment Tax Code applicable to investments in Madeira (RAM) was enacted in June 2016. The law seeks to adapt the national Investment Tax Code to Madeira’s special needs. The tax benefits were included in Madeira’s Investment Tax Code with the aim of strengthening regional business and ensuring the recovery of good market dynamics. This is materialized by introducing incentives to investment and capitalization, and dir...
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Local Accommodation Establishments in Portugal: an attractive tax regime

In force since 2014, the Decree-Law n.º 128/2014 of the 29th of August frames the managing system of local accommodation establishments, which modifies the former regime, thus impacting the tax environment surrounding this activity.
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European court of justice ruling on cross-border net taxation of interest (case Brisal KBC)

The Court of Justice of the European Union decided in Brisal KBC that, according to the freedom to provide services, national legislation must grant non-residents the possibility of these deducting business expenses directly related to the activity in question, if this is granted to residents.
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Anti Tax Avoidance Directive

The EU formally adopted a Council Directive, the so called Anti Tax Avoidance Directive, which lays down rules against tax avoidance practices that directly affect the functioning of the internal market. By transposing the OECD’s recommendations made in the BEPS project into a legally binding instrument the EU goes further than the OECD approach. The Directive introduces legally binding provisions, without prejudice to provisions a...
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The “Non-Habitual Residents” Tax Regime (NHR) 2016

The “non-habitual residents” tax regime is ruled by the IRS Code. It was introduced by the Decree-Law n.º 249/2009, of September 23 rd , and completed by the Decree n.º 12/2010, of January 7 th , in order to attract to Portugal highly skilled professionals, high net worth individuals and foreign pensioners. In fact, the tax regime of “non-habitual residents” was created with the intention of attracting to our country professio...
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