Tax news Portugal

An announcement has been made by the Portuguese Government that proposals are now with the Portuguese Parliament to introduce a Tax Investment Incentive Package for Portuguese companies. 

UK Patent Box

 

The Patent Box is a new regime that enables Companies to benefit from a 10% rate of Corporation Tax on profits derived from its patented inventions. The regime is being phased in as from 1 April 2013 with 60% of applicable profits benefitting from the scheme at this date. This percentage will increase by 10% each tax year until 1 April 2017 at which point all profits that fall under this regime will be taxed at the new rate.