Tax authority 'clears' 1.2 billion invoice with bank tax credits

Wednesday, 18 March 2026RSS
Tax authority 'clears' 1.2 billion invoice with bank tax credits

Haitong (formerly BESI) has until the end of April to agree to pay around 200,000 euros to prevent the State from entering its capital. This is due to a mechanism created by the Pedro Passos Coelho government over ten years ago, which allowed banks to be fiscally compensated by the State for...

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