Deduction to the Corporate Income Tax (IRC) due* of a percentage of the investment in eligible assets: for investments made in Porto, 25% of the relevant applications, for an investment of up to € 15.000.000, and 10% of the relevant applications, for the exceeding part.
Exemption or reduction of IMI - for a period of up to 10 years as from the purchase or construction of the property -, IMT and IS in respect of buildings used for investments that constitute relevant applications.
Relevant applications include:
Exemption or reduction of IMI - for a period of up to 10 years as from the purchase or construction of the property -, IMT and IS in respect of buildings used for investments that constitute relevant applications.
Relevant applications include:
- New tangible fixed assets, except:
- Land (except where it is intended for the exploration of mining concessions, mineral and spring waters, quarries, clay or sand pits in mining projects);
- Construction, acquisition, repair and extension of any buildings (except where these are factories or intended for touristic, audiovisual production, and administrative activities);
- Light passenger or mixed use vehicles;
- Furniture and comfort or decoration items, except hotel equipment used to tourist exploitation;
- Social equipments;
- Other investment assets, which are not assigned to the productive activity of the company.
- Investments in intangible assets, covering expenses with technology transfer, namely acquisition of patent rights, licenses, know-how or technical knowledge outside the scope of the patent are also eligible (in the case of large enterprises these investiment may not exceed 50% of the relevant applications).
Requirements
- Have organised accounting records;
- Taxable profit not being determined by indirect methods;
- Keeping the eligible investment assets:
- For at least three years in the case of Small and Medium-Sized Enterprises (SMEs);
- For at least five years in all other cases;
- In the case of shorter periods of time, for the minimum period corresponding to the useful life of the asset;
- Until the year where they are destroyed, dismantled or abandoned.
- Having the tax and social security situation in due order;
- Not being considered a "company in difficulty” under the terms defined by the applicable law;
- Make investments creating new jobs and maintaining them up to the end of the minimum holding period for the eligible investment assets;
- Exercise an activity in one of the following sectors:
- Extractive industry - divisions 05 to 09;
- Manufacturing industry - divisions 10 to 33;
- Hospitality - division 55;
- Catering and similar - division 56;
- Editing activities - division 58;
- Film, video and television program production activities - group 591;
- Consulting and computer programming and related activities - division 62;
- Data processing activities, information hosting and related activities and web portals - group 631;
- Scientific research and development activities - division 72;
- Activities of interest to tourism - subclasses 77210, 90040, 91041, 91042, 93110, 93210, 93292, 93293, 96040;
- Administrative and support service activities provided to companies - classes 82110, 82910.