1. Income subject to IRC obtained in Portuguese territory by non-resident entities may not be transferred abroad unless the tax due is shown to have been paid or secured.
1 - Não podem realizar-se transferências para o estrangeiro de rendimentos sujeitos a IRC, obtidos em território português por entidades não residentes, sem que se mostre pago ou assegurado o imposto que for devido.
The prohibition on transferring abroad IRC-taxable income of non-residents unless the tax due is shown to be paid or secured, and the cross-reference to Article 115(4) of the Personal Income Tax Code, are retained.
We prepare IRC returns, check participation-exemption, transfer-pricing and interest-limitation positions, and structure Portuguese holdings and branches, in English. A written answer and a fixed quote within one working day.
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.