Tax authority rejects car purchases counting towards Madeira Free Trade Zone corporate income tax
The tax authority has rejected the idea that companies in the Madeira Free Trade Zone (ZFM) that purchase light vehicles for their operations can register these expenses as initial investment to benefit from the reduced corporate income tax (IRC) of this fiscal regime, according to a binding ruling. The understanding was sanctioned by the regional director of the Tax and Fiscal Affairs Authority of the Autonomous Region of...
eco.sapo.pt
