Legislative Clarifications Regarding Tax Benefits

With the approval of Law 20/2023 of 17 May, the legislature has introduced a number of legislative changes to various tax incentives. These amendments include provisions intended to clarify certain issues that have arisen in relation to the already well-known Patent Box Regime and the application of the recently created Incentive to Business Capitalisation (Incentivo à Capitalização de Empresas – 'ICE').