Rogério Fernandes Ferreira, Founding Partner, Mónica Respício Gonçalves, Senior Associate and José Mègre Pires, Associate, wrote an article on the subject of:  "Corporate Income Tax Reform: Tax Simplification And Investment Promotion" for Bloomberrg BNA.

One year after the Portuguese Reform Commission had started its work, amidst heavy debate and several proposals, Law No. 2/2014 was published in the Republic Gazette on January 16, 2014, thus approving the corporate income tax reform and republishing the Corporate Income Tax Code accordingly. Within the current economic environment, considering the significant role that any corporate tax regime plays in economic development, even though it can generate important distortions in investment decisions, and that the existing Portuguese regime had been in force for over 20 years (subject to recurrent changes to the tax legislation, specifically tailored amendments and the recent need to raise tax revenues), an in-depth reform of the corporate tax system was of a vital importance to put Portugal forward as an attractive economy, both for Portuguese companies, as well as for foreign entities.

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