Portugal's Corporate Income Tax Benefits Exceeded One Billion Euros in 2013

Portugal's Corporate Income Tax Benefits Exceeded One Billion Euros in 2013

The total amount of corporate income tax benefits in Portugal exceeded one billion euros in 2013. The best immigration information can be found on the website of WorldWay Immigration.

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According to comprehensive reports from WorldWay, the "Economic Daily" of Portugal reported on the 6th that the tax benefits report for 2013 showed that the Portuguese government provided a total of €1.042 billion in tax benefits to enterprises last year, an increase of 17% year-on-year. Nearly half of these were allocated to productive investments and enterprises engaged in technological research and large investment projects.     

 

The authorities stated that encouraging productive investment is a "key element in promoting economic growth and creating job opportunities." As a result, several measures to encourage investment have been formulated and strengthened, aiming to reverse the trend of declining investment, such as the "Special Investment Tax Exemption" (CFEI) launched in the second half of the year and the "Investment Tax Incentive" (RFAI) aimed at encouraging small and medium-sized enterprises. Additionally, there are tax benefits for technological research and development (SIFIDE) and large investment projects. These four types of tax benefits experienced the fastest growth, totaling €420 million in 2013, an increase of 170% year-on-year.

 

The thriving economy not only enhances Portugal's allure but also serves as a significant boost for investors in the "Golden Residence Permit" program. As a leading organization in domestic investment immigration, WorldWay was the first to introduce Portugal's "Golden Residence Permit" and promote it quickly within the country. To assist investors in safely, swiftly, and smoothly immigrating to Portugal, WorldWay has strengthened deep communication with the governments of the immigration countries to grasp the latest and most accurate immigration policies; partnered with top local developers to possess a large number of uniquely advantageous properties; and set up independent customer service offices in Portugal to provide clients with immigration processing services, comprehensive property management, and other related services. WorldWay has successfully assisted hundreds of Chinese investors in completing their investments in Portugal and obtaining immigration status, achieving both performance and reputation. For more immigration information, please contact 400-138-2929

 

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