Autoridade Tributária e Aduaneira
Lets companies deduct from taxable profit an amount equal to 12-month Euribor plus 2 points applied to net increases in eligible equity: cash contributions on incorporation or capital increase, debt-to-equity conversions, share premiums and reinvested profits (retained earnings, reserves or capital). Increases count for the current year and the six previous ones. The deduction is capped each year at the higher of €4M or 30% of tax EBITDA, with a five-year carry-forward of the excess. For companies, cooperatives and other legal entities headquartered or effectively managed in Portugal. It replaced the DLRR and the notional interest on share capital. Claimed on the Modelo 22 tax return.
This summary helps you identify the call, but it does not replace the official call and regulation. Always confirm every condition at the source before applying.
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