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ICE tax regime – revolution or counterrevolution?

© Catarina Mantero

One of the most eagerly-awaited novelties of the State Budget for 2023 – approved today in the Portuguese Parliament – is the Incentive Tax Regime for Corporate Capitalization (ICE), which was announced as a form of “selective” reduction of the CIT, merging the Deduction of Retained and Reinvested Profits (DLRR) and the Notional Interest Deduction (NID) into a single, simpler and more comprehensive benefit.

But does the ICE regime allow companies that capitalize (read that do not distribute profits) to gain effectively material and relevant IRC savings?

You can find the answer to this question in our Newsletter here: ICE Regime

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