1. Income from securities representing public and non-public debt issued by non-resident entities that is deemed to be obtained in Portuguese territory under the Personal Income Tax Code and the Corporate Income Tax Code is exempt from IRS and IRC where it is paid by the Portuguese State as guarantor of obligations assumed by companies of which it is a shareholder together with other EU Member States.
1 - Beneficiam de isenção de IRS e de IRC os rendimentos dos valores mobiliários representativos de dívida pública e não pública emitida por entidades não residentes, que sejam considerados obtidos em território português nos termos dos Códigos do IRS e do IRC, quando venham a ser pagos pelo Estado Português enquanto garante de obrigações assumidas por sociedades das quais é acionista em conjunto com outros Estados membros da União Europeia.
2. The exemption referred to in the preceding paragraph applies exclusively to beneficial owners that meet the requirements laid down in Article 5 of the special tax regime for debt securities, approved in the annex to Decree-Law No. 193/2005 of 7 November, as amended by Decree-Laws No. 25/2006 of 8 February and No. 29-A/2011 of 1 March and by Law No. 83/2013 of 9 December.
2 - A isenção a que se refere o número anterior aplica-se exclusivamente aos beneficiários efetivos que cumpram os requisitos previstos no artigo 5.º do regime especial de tributação de valores mobiliários representativos de dívida, aprovado em anexo ao Decreto-Lei n.º 193/2005, de 7 de novembro, alterado pelo Decretos-Leis n.os 25/2006, de 8 de fevereiro, e 29-A/2011, de 1 de março, e pela Lei n.º 83/2013, de 9 de dezembro.
The exemption is limited to income paid by the Portuguese State as guarantor of obligations of companies it holds jointly with other EU Member States, and to beneficial owners meeting Article 5 of the regime annexed to Decree-Law No. 193/2005.
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.