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Entertainment expenses, which are basically expenses related to receptions, meals, trips, excursions, and shows offered to clients, suppliers or any other entities, are taxed at the rate of 10%, irrespective of whether the company is exempt from corporate income tax or not.

Companies licensed to operate within the International Business Centre of Madeira benefit from a reduction of the autonomous taxation rate, in proportion to the applicable corporate tax rate (in this case, a reduction of 76,2%).

How we help our clients

NEWCO is an inward investment services provider specialized in the implementation of foreign investment in Portugal and Malta. With 30 years of experience and know how, we help our clients maximize the opportunities and minimize the risks of operating in a new country, allowing them to stay focused on their business. Contact us to find out how we can help you invest or relocate into Portugal, including Madeira, or Malta.

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