The tax benefits of the Madeira Free Trade Zone and the decision of the European Commission (recent developments)

The full decision of the European Commission was known regarding the aid scheme granted to companies in the Madeira Free Zone - Regime III, which considers that aid was granted illegally, due to failure to fulfill the conditions inherent to the tax benefits in question, demanding in the Portuguese State the obligation to proceed with the recovery of amounts improperly granted and consequent interest. The Portuguese State initiated the procedure for notifying aid deemed to have been improperly granted and to be reimbursed. Get to know the analysis of the Rogério Fernandes Ferreira & Associados Law Firm.