1. For the purpose of determining taxable profit, an amount corresponding to 150% of the total membership fees paid by members to business associations in accordance with the associations’ statutes is treated as an expense of the tax period.
1 - É considerado gasto do período de tributação, para efeitos da determinação do lucro tributável, o valor correspondente a 150 % do total das quotizações pagas pelos associados a favor das associações empresariais em conformidade com os estatutos.
2. The amount referred to in the preceding paragraph may not, however, exceed the equivalent of 2‰ (two per thousand) of the relevant turnover.
2 - O montante referido no número anterior não pode, contudo, exceder o equivalente a 2‰ do volume de negócios respetivo.
The 150% uplift, the requirement that fees be paid in accordance with the statutes and the 2‰ turnover cap 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.