An amount corresponding to 120% of expenditure on the acquisition of bicycle fleets for the benefit of the taxpayer’s staff, to be defined by order (portaria) of the members of the Government responsible for finance and the environment, that remain among the taxpayer’s assets for at least 18 months, as well as the costs incurred in repairing and maintaining the bicycles belonging to those fleets, to be defined in the same order, is treated as an expense of the tax period for the purpose of determining taxable profit, provided that the benefit is of a general nature.
É considerado gasto do período de tributação, para efeitos de determinação do lucro tributável, o valor correspondente a 120 % das despesas com a aquisição de frotas de velocípedes em benefício do pessoal do sujeito passivo, a definir por portaria dos membros do Governo responsáveis pelas áreas das finanças e do ambiente, que se mantenham no património do mesmo durante, pelo menos, 18 meses, bem como os custos suportados com a reparação e manutenção dos velocípedes pertencentes a essas frotas, a definir na mesma portaria, desde que o referido benefício tenha caráter geral.
The 120% uplift, the 18-month holding requirement, the inclusion of repair and maintenance costs and the general-nature condition 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.