Budget Bill for 2007 – corporate income tax: details

The government Budget Bill for 2007 was presented to parliament on 16 October 2006. The Bill includes a number of tax amendments to corporate income tax (IRC), which will generally apply from 1 January 2007. The most significant amendments in the Bill are summarized below.

(a) Outbound dividends under the EU Directive. The minimum holding required to qualify for exemption from withholding tax on outbound dividends paid by Portuguese subsidiaries, either to the…