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<\/figure>\r\n\r\n\r\n\r\nHowever, according to the law, the supplementary tax due by a final parent entity is \u201cequal to zero\u201d for the first five fiscal years. In addition, it establishes that this exemption also applies to large national groups that became newly qualified due to increased turnover.<\/p>\r\n
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The Portuguese Government also stipulates that multinational groups with parent entities located outside Portugal also benefit from a zero supplementary tax rate during their initial international phase.<\/p>\r\n
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OportoAccounting services helps foreign entrepreneurs and investors to setting up in Portugal their Startup and business, providing services such as company incorporation, accounting, bookkeeping and payroll. Companying in every stage of the company formation process.<\/p>\r\n","protected":false},"excerpt":{"rendered":"
The Portuguese Government has new proposed law exempts to start-up multinational groups from a supplementary 15% minimum tax for their first five years of international operations. This aims to support groups beginning their global expansion without financial strain. The regime requires multinationals and large groups with revenues of 750 million\u20ac or more in the initial phase of business activity are excluded from the application of the 15% minimum supplementary tax for the first five years. However, according to the law, the supplementary tax due by a final parent entity is \u201cequal to zero\u201d for the first five fiscal years. In addition, it establishes that this exemption also applies to large national groups that became newly qualified due to increased turnover. However, according to the law, the supplementary tax due by a final parent entity is \u201cequal to zero\u201d for the first five fiscal years. In addition, it establishes that this exemption also applies to large national groups that became newly qualified due to increased turnover. The Portuguese Government also stipulates that multinational groups with parent entities located outside Portugal also benefit from a zero supplementary tax rate during their initial international phase. OportoAccounting services helps foreign entrepreneurs and investors to setting up in Portugal their Startup and business, providing services such as company incorporation, accounting, bookkeeping and payroll. Companying in every stage of the company formation process.<\/p>\n","protected":false},"author":6,"featured_media":1313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-1312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-setup"],"acf":[],"yoast_head":"\n