1. Income obtained by personal income tax (IRS) taxpayers from the return on deposits or any other investments with financial institutions, or on government debt securities, may benefit from the regime provided for in Article 5(3) of the Personal Income Tax Code, provided that the contract stipulates that:
1 - Os rendimentos obtidos por sujeitos passivos de IRS e derivados da remuneração de depósitos ou de quaisquer aplicações em instituições financeiras ou de títulos de dívida pública podem beneficiar do regime previsto no n.º 3 do artigo 5.º do Código do IRS, desde que tenha sido contratualmente fixado que:
a) The capital invested must remain locked in for a minimum period of five years; and
a) O capital investido deve ficar imobilizado por um período mínimo de cinco anos; e
b) The return falls due at the end of the contractual period.
b) O vencimento da remuneração ocorra no final do período contratualizado.
2. The benefit provided for in the preceding paragraph ceases to apply if the capital invested is repaid in breach of the conditions laid down therein.
2 - A fruição do benefício previsto no número anterior fica sem efeito caso o reembolso do capital investido ocorra em violação das condições aí previstas.
The reference to Article 5(3) of the Personal Income Tax Code, the minimum five-year lock-in, payment of the return at the end of the contractual period, and loss of the benefit on early repayment are retained.
We check eligibility for IFICI, the Madeira regime, the start-up and capitalisation incentives and the property benefits, prepare the registrations and claims, and model what the benefit is worth, 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.