This site uses technical, analytics and third-party cookies.
By continuing to browse, you accept the use of cookies.

Preferences cookies

Dei – Portugal: new tax laws for Madeira free trade zone

The Portuguese government published law no. 64/2015 disciplining the new tax regime applicable to subjects licensed to operate in the Madeira free trade zone (known as Regime IV) officially in force as of January 1st 2015 and slated to be effective through 31 December 2027. Licenses are handled by the International Business Centre of Madeira (IBCM) and, according to the new terms agreed on with the EU Commission, through 2027 businesses licensed to operate within the IBCM framework will have a reduced corporate tax rate of 5%, one of the lowest in the European Union. Those firms will also enjoy the additional advantage of a withholding tax exemption on dividends paid to non-Portuguese resident stockholders (corporate or private) on the condition that these do not reside in a jurisdiction located on the so-called black-list. Read more, in Italian