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Tax benefits for Madeira´s Free Trade Zone European Commission’s Decision

29 July 2022
Tax benefits for Madeira´s Free Trade Zone European Commission’s Decision
Newsletters

Tax benefits for Madeira´s Free Trade Zone European Commission’s Decision

29 July 2022

It was published the full decision of the European Commission on the benefit regime granted to companies in Madeira´s free trade zone - Regime III, which considers that the benefits were granted illegally, due to the lack of fulfillment of the requirements inherent to the tax benefits in question. The European Commission is requir-ing the Portuguese State to recover the amounts unduly granted and the consequent interest. The Portuguese State initiated the procedure for notification of the benefits considered unduly grant-ed and to be repaid.

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