Tax incentives to develop the capital market

Key aspects

• The outgoing government included in the transition portfolio left for the new government a draft law establishing tax incentives to develop the capital market and capitalize non-financial companies.
• According to the Council of Ministers’ press release, this proposal includes essential measures for making the fifth request for payment from the Recovery and Resilience Plan. It is now for the incoming executive to submit it to the Parliament (with the same or different content) during the legislative term that has just started.
• This proposal contains a number of tax incentives and clarifies certain tax regimes, such as those applicable to collective investment undertakings that are not tax resident in Portugal and to alternative credit investment undertakings.