Tax incentives for developing the capital markets and promoting the capitalization of nonfinancial companies
Law 31/2024 of 28 of june (“Law”), a draft law left in the transition portfolio for the current government, has now been published. It approves tax measures aimed at stimulating the capital markets and encouraging the capitalization of nonfinancial companies.
The Law introduces a variety of tax incentives designed to develop the capital markets, foster the capitalization of nonfinancial companies, and encourage housing rentals. It aims to boost both supply and demand in the capital markets.
The Law also clarifies certain tax aspects, including the regime applicable to loan funds.
It also amends the Personal Income Tax Code, the Stamp Duty Code, and the Tax Benefits Statute.
The Law enters into force on the 29 of June.