Tax incentives - Tax Incentives for Productive Investment.

Scope:

• Investment projects with a positive impact on innovation, exports and jobs creation.
• Projects with eligible expenses (capital expenditure) > 3.000.000 €

Eligible Expenses:

• Tangible Fixed Assets: acquisition of new machinery; equipment and construction and building costs (Land acquisition costs are not eligible).
• Intangible Fixed Assets: software, technology transfer (up to 50% of total eligible expenses).
• For projects entailing a significant number of new highly qualified jobs and net job creation, wage expenses (salary + social security), over a period of 2 years, may also be considered.

Support:

• Tax Credit, variable from 10% up to 25% of eligible investment, according to location, job creation, exceptional impact and exceptional relevance, in regions eligible for state aid support.
• Forms: Corporate Income Tax Credit; Exemption (partial / total) from real estate taxes (Property / Property Transfer Tax) and Stamp Duty.
• Corporate Income Tax Credit to be deducted from the amount of the Corporate Income Tax that is due.
• The Tax Credit can be used over a period of 10 years, following the end of the project.
• Cumulative with Financial incentives (for the same investment project). Maximum support rates vary according to location and are available on the Regional Aid Map for Portugal.

How to Apply:

• Application form is available online and must be submitted before the start of an investment project.
• Entity in Charge: AICEP (Trade and Investment Agency) for non-SMEs; IAPMEI for other projects.