EXTENSION OF THE MADEIRA FREE TRADE ZONE REGIME

EXTENSION OF THE MADEIRA FREE TRADE ZONE REGIME

On April 20th, 2021, Law Nº. 21/2021 was published. This law alters the Statute of Tax Benefits, specifically Article 36-A, which regulates the regime applicable to licensed entities in the Madeira Free Trade Zone.    The main impact of this law is the extension...
MADEIRA LOWERS ITS CORPORATE TAX RATE

MADEIRA LOWERS ITS CORPORATE TAX RATE

On December 31st, 2020, the Regional Legislative Decree (8/2020/M) was published, approving the Budget of the Autonomous Region of Madeira for the year 2021.  This Regional Budget introduces some very beneficial changes for the Region´s tax Regime, between other...
IV IBCM REGIME EXTENDED

IV IBCM REGIME EXTENDED

The European Commission announced on July 2, 2020 that, as part of efforts to mitigate the economic crisis caused by the COVID-19 pandemic, several State Aid schemes have been extended.   IV Regime of the International Business Centre of Madeira (IBCM), approved...