President of the Republic promulgates extension of SIFIDE II

The President of the Republic of Portugal, António José Seguro, recently promulgated a decree that allows the Government to extend the Tax Incentives System for Business Research and Development II (SIFIDE II). This promulgation was formalized on April 16, as indicated in the publication in the Diário da República.

The new decree revokes the existing opportunity for companies to deduct amounts invested in venture capital funds linked to research and development (R&D) projects. However, the law establishes protections for existing stocks, ensuring that previous investments are not affected by the change in legislation.

SIFIDE II is a system aimed at incentivizing business research and development by providing tax benefits to companies investing in R&D activities. The extension of this system has been a much-anticipated measure, considering the importance of innovation for economic growth.

Despite the focus on the promulgation of this decree, other legislation that has garnered attention concerns the so-called

which was also promulgated by the President. This law, while relevant, is regarded by Seguro as a

becoming a topic of debate in various spheres of society.

The promulgation of the extension of SIFIDE II can be seen as part of efforts to reinforce support for business development in Portugal, especially in times of global economic challenges.

The discussion surrounding the

which includes complex social and cultural issues, does not directly affect the implementation of SIFIDE II, but highlights the range of topics addressed under the presidency of António José Seguro. The intersection between such distinct legislations illustrates the dynamism of current legislative activity.