1. The income of sports, cultural and recreational associations covered by Article 11 of the Corporate Income Tax Code is exempt from IRC, provided that their total gross income subject to tax, and not exempt under that Code, does not exceed EUR 7,500.
1 - Ficam isentos de IRC os rendimentos das colectividades desportivas, de cultura e recreio, abrangidas pelo artigo 11.º do Código do IRC, desde que a totalidade dos seus rendimentos brutos sujeitos a tributação, e não isentos nos termos do mesmo Código, não exceda o montante de (euro) 7500.
2. Amounts invested by sports clubs in new infrastructure, not derived from subsidies, may be deducted from the taxable amount up to a limit of 50% of that amount, any excess being deducted up to the end of the second financial year following that of the investment.
2 - As importâncias investidas pelos clubes desportivos em novas infra-estruturas, não provenientes de subsídios, podem ser deduzidas à matéria colectável até ao limite de 50 % da mesma, sendo o eventual excesso deduzido até ao final do segundo exercício seguinte ao do investimento.
The EUR 7,500 gross income threshold for the IRC exemption and the deduction of investment in new infrastructure up to 50% of the taxable amount, with carry-forward to the end of the second following financial year, 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.