Operating subsidies granted to taxpayers in connection with the agricultural, forestry, livestock or fishing activities they carry on, paid in a single instalment in the form of premiums for abandoning the activity, grubbing up plantations or culling livestock, may, to the extent that they exceed costs or losses, be included in taxable profit in equal instalments over five years, the first being the year in which the subsidy is received.
Os subsídios de exploração atribuídos a sujeitos passivos no âmbito das atividades agrícolas, silvícolas, pecuárias ou de pesca exercidas, pagos numa só prestação sob a forma de prémios pelo abandono de atividade, arranque de plantações ou abate de efetivos, e na parte em que excedam custos ou perdas, podem ser incluídos no lucro tributável, em frações iguais, durante cinco exercícios, sendo o primeiro o do recebimento do subsídio.
The qualifying single-instalment premiums, the limitation to the excess over costs or losses and the five-year spreading starting in the year of receipt 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.