Entities licensed to operate within the Madeira Free Trade Zone as from 1/01/2015 – tax incentives

For Corporate Income Tax (CIT) purposes and at the level of the licensed entities, this new Article 36-A of the PTIS introduces a 5% reduced rate, within certain thresholds of the taxable profit of such licensed entities, according to the number of employees. This regime was already in force for entities licensed to operate within the MFTZ between 1/01/2007 and 31/12/2014 (under article 36 of PTIS)…