1. Without prejudice to national tax legislation intended to apply only in the Autonomous Regions, the adaptation of the national tax system to regional specificities shall comply with this Law and its complementary legislation.
1 - Sem prejuízo do disposto em legislação fiscal nacional para vigorar apenas nas regiões autónomas, a adaptação do sistema fiscal nacional às especificidades regionais observa o disposto na presente lei e respetiva legislação complementar.
2. The Legislative Assemblies of the Autonomous Regions may also, under the law and taking into account the financial and budgetary situation of the Autonomous Region, reduce the national rates of IRS, IRC and VAT, up to a limit of 30%, and those of excise duties, in accordance with the legislation in force.
2 - As Assembleias Legislativas das regiões autónomas podem ainda, nos termos da lei e tendo em conta a situação financeira e orçamental da região autónoma, diminuir as taxas nacionais do IRS, do IRC e do IVA, até ao limite de 30 % e dos impostos especiais de consumo, de acordo com a legislação em vigor.
3. The Legislative Assemblies may also provide for the application in the Autonomous Regions of the reduced IRC rates laid down in national legislation, on the terms and conditions to be laid down by regional legislative decree.
3 - As Assembleias Legislativas podem também determinar a aplicação nas regiões autónomas das taxas reduzidas do IRC definida em legislação nacional, nos termos e condições que vierem a ser fixados em decreto legislativo regional.
4. The Legislative Assemblies of the Autonomous Regions may grant tax credits (deductions from the tax charge) in respect of commercial, industrial and agricultural profits reinvested by taxpayers.
4 - As Assembleias Legislativas das regiões autónomas podem conceder deduções à coleta relativa aos lucros comerciais, industriais e agrícolas reinvestidos pelos sujeitos passivos.
5. The Legislative Assemblies of the Autonomous Regions may authorise the Regional Governments to grant temporary and conditional tax benefits relating to national and regional taxes, under a contractual regime, for significant investment projects, under Article 40 of the Tax Benefits Statute (EBF) and the complementary legislation in force, with the necessary adaptations.
5 - As Assembleias Legislativas das regiões autónomas podem autorizar os Governos Regionais a conceder benefícios fiscais temporários e condicionados, relativos a impostos de âmbito nacional e regional, em regime contratual, aplicáveis a projetos de investimentos significativos, nos termos do artigo 40.º do Estatuto dos Benefícios Fiscais e legislação complementar em vigor, com as necessárias adaptações.
6. The legal regime of the International Business Centre of Madeira and of the Santa Maria Free Trade Zone is governed by the Tax Benefits Statute and its complementary legislation.
6 - O regime jurídico do Centro Internacional de Negócios da Madeira e da Zona Franca de Santa Maria regula-se pelo disposto no Estatuto dos Benefícios Fiscais e respetiva legislação complementar.
The 30% limit on reductions of the national IRS, IRC and VAT rates (with excise duties reduced in accordance with the legislation in force), the condition that the Region’s financial and budgetary situation be taken into account, the power to apply the reduced IRC rates, the tax credits for reinvested profits, the contractual benefits under Article 40 of the Tax Benefits Statute and the reference of the Madeira International Business Centre and Santa Maria Free Trade Zone regime to the Tax Benefits Statute are retained.
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Unofficial English translation prepared by BCA Portugal for reference. Only the Portuguese text published in the Diário da República has legal force. Editorial notes are ours and are not part of the statute.