The Draft Law no. 229/XII was approved by the Government taking into consideration the adaptation of the internal regime of the new European legislative framework applicable to state aids. The big alterations concern the realization of this transposition, namely, adapting the existing benefits to the minimums rule, under which the aid awarded under this rule shall be exempt from the need of prior notification to the European Commission-said to "Vida Económica" Rogério Fernandes Ferreira.
With the planned amendments from the Legislative Authorization Law, our country gets a tax incentive system for the investment, very competitive in comparison with the rest of European countries. "At the same time, has an IRC regime that consecrate one of the most competitive regimes of "participation exemption" from the EU" - states Rogério Fernandes Ferreira. According to him, the government has been acting, in this field, on the right direction, taking into consideration the investment attraction, both internal and external. "Now remains giving Portuguese companies a capital structure that enables them to make relevant investments, which was contemplated too in the Investment Code, either through the approval of the relative benefit for the conventional remuneration from the social capital, or through the relative benefit for the deduction of the retained and reinvested profit" - adds.
According to Rogério Fernandes Ferreira, big asymmetries still remain between the coast and the interior, so it makes sense the creation of tax benefits that concern a fairer distribution of the wealth and economic decentralization