Wednesday, 8 July 2015

Portugal approves new Madeira International Business Centre special tax regime‏

The regime also has been approved by the European Commission as authorized State Aid. That approval protects the regime through December 31, 2027.
The new regime preserves the main benefits of the previous MIBC regime - promoting the continuity and stability of this popular tax regime, particularly its 5% corporate income tax (CIT) rate.
Companies licensed to operate under the previous regime (i.e., companies licensed through
December 31, 2014) may transition to this new regime.
Source & more info: PwC