The new regulation includes a chapter entitled "support for business investment", in terms of Municipal Property Tax (IMI), Municipal Property Transfer Tax (IMT) and in some cases the Municipal Surcharge (Derrama Municipal).
Requirements
To benefit companies must have investment projects carried out in the Municipality of Porto, which meet the following requirements:
- In the areas of eligible economic activities (provided for in paragraph 9 of article 16-A of the Municipal Tax Exemptions Regulations of the Municipality of Porto)
- With an investment amount equal to or greater than 3,000,000 Euros or
- That result in the net creation of at least 30 jobs in the Municipality of Porto.
How to obtain
Exemption from Municipal Property Tax (IMI) and Municipal Surcharge (Derrama Municipal)
Applications must be submitted by September 30 of each calendar year in order to obtain the tax benefits for the following year.
Exemption from Municipal Property Transfer Tax (IMT)
The request must be submitted when the property where the economic activity is carried out is transferred.
The application process involves the following steps:
1. Submit the request by the applicant
2. Verification of the supporting documents by the Municipal Services
3. Analysis of the application by the Municipal Services (InvestPorto)
4. Recognition of the exemption at a meeting of the Municipal Executive
5. Communication to the Tax Authority
6. Notification to the applicant of the communication made by the Municipal Services
Learn more
The application will then be reviewed by the InvestPorto team and the final decision will be announced by Porto City Council.
Submit the request here
Submit the request here
