12 January 2021
As previously reported, Portugal published Regional Legislative Decree no. 18/2020/M on 31 December 2020, which approves the Budget of the Autonomous Region of Madeira for 2021. In addition to the reduction in the corporate income tax rate from 20% to 14.7%, other important measures of the decree include the following:
The measures are effective from 1 January 2021.
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