Under an emergency ordinance an exemption from tax on reinvested profits is to be put in place in July 2014 and remain until December 2015. The measure aims to increase the amount of company profits that are ploughed back into the business in the form of new assets. Profits reinvested in production or the purchase of machinery and equipment used to obtain revenue will be tax exempt.
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VAT rate increases in Portugal
VAT rate increases in Portugal
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