In determining the taxable profit of IRC taxpayers whose main activity is commercial, industrial or agricultural, and in determining the business and professional income of IRS taxpayers with organised accounts, the expenses and losses for the tax period relating to depreciation, accepted for tax purposes, of items of tangible fixed assets consisting of electro-solar or exclusively electric vessels are taken into account at 120% of their amount.
Na determinação do lucro tributável dos sujeitos passivos de IRC que exerçam a título principal uma atividade comercial, industrial ou agrícola, bem como na determinação dos rendimentos empresariais e profissionais dos sujeitos passivos de IRS com contabilidade organizada, são considerados em 120 % do respetivo montante os gastos e perdas do período de tributação relativos a depreciações fiscalmente aceites de elementos do ativo fixo tangível correspondentes a embarcações eletrossolares ou exclusivamente elétricas.
The 120% uplift applies only to tax-accepted depreciation of electro-solar or exclusively electric vessels, for IRC taxpayers with a main commercial, industrial or agricultural activity and IRS taxpayers with organised accounts.
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.