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Contractual Tax Benefits

In addition, the Region created a special Contractual Tax Benefits system for companies investing in projects of regional interest and strategic relevance to the Azores

These projects must involve investments values over: 2Million € in São Miguel island; 1 Million € in Terceira island; 0.4 Million € in Santa Maria, Graciosa, São Jorge, Pico, Faial, Flores and Corvo islands; 0.2 Million € in case of investment projects in Marine Biotechnology and/or Aquaculture, regardless of their location, with more than 10% investment expenses on R&D.

Tax benefits may take the following forms: Special Corporate Income Tax deductions up to 90% of the eligible investment expenses; Exemption or reduction of the Municipal Property Tax; Exemption or reduction of the Municipal Property Transfer Tax.

For more information please see the Tax Benefits under contract regime fact sheet

 

DOCUMENTS FOR DOWNLOAD

Decreto Regulamentar Regional n.º 12/2015/A (portuguese only)
Regulates the Tax Benefits under contract regime