Enter the total relevant applications already established as eligible under article 22.º(2). The region is where the investment is made, not where the company is headquartered. Under other aid, add up grants, incentives and any other regional state aid granted to the same investment.

Note that the period limit is not the whole tax charge. Article 23.º(2) only allows 50% of the corporate tax charge to be deducted, which here is €27,500.00 out of a charge of €55,000.00. That is the difference from SIFIDE, which deducts up to the full charge in any year.

The period limit of €27,500.00 is not enough to absorb the whole credit: €122,500.00 carries forward. Article 23.º(3) allows it to be deducted in the assessments of the following 10 tax periods, so it is not lost, only deferred. The deduction reaches the tax charge and never produces a refund.

An educational estimate based on the figures you enter. It does not work out whether the investment is eligible, which is the substantive part of the regime: the three families of relevant applications in article 22.º(2) and their exclusions (land, buildings other than industrial premises, passenger cars, furniture and social facilities), the 50% cap on intangible and salary applications in non-SMEs, the eligible sectors in article 2.º and the cumulative conditions in article 22.º(4), among them keeping the assets in the region for 3 years. It also does not work out the new economic activity rule for non-SMEs in article 107(3)(c) regions, the property tax, property transfer tax and stamp duty exemptions in the same article 23.º, which depend on the municipal assembly recognising the interest of the investment, the adjustment for projects above 50,000,000 EUR, or the surcharges, which sit outside the deduction ceiling.

An informational estimate based on the Portuguese Investment Tax Code. This is not tax or financial advice.