Funds that invest in forests are exempted from IRC – The Jornal Econômico

Funds that invest in forests are exempted from IRC - The Jornal Econômico


Funds or real estate investment companies that invest at least 75% of the value of their assets in forest resources will be exempt from IRC, provided that these funds are subject to forest management plans, approved and executed in accordance with the regulations in force. forest certification by a legally accredited entity.

This is one of the measures foreseen in the last version of the proposal of State Budget, approved yesterday, October 13, in Council of Ministers.

The document in question advances "income from units" or "shareholdings" in such companies or real estate investment funds, "paid or made available to the respective holders, whether by distribution or through a redemption or liquidation operation, are subject to IRS or IRC at the rate of 10%, except where the holders of income are entities exempt as regards income from capital or non-resident entities without a permanent establishment in Portuguese territory to which income

The positive balance between capital gains and
units or shareholdings in funds or real estate investment companies that may benefit from this tax incentive
which will be taxed at the rate of 10%, when the holders are
resident entities to which it does not apply to other exemption or taxpayers of IRS resident in Portuguese territory who obtain the income outside the scope of a commercial, industrial or agricultural activity and do not opt ​​for its incorporation.

In certain cases, there are other tax incentives, tax exemptions from the stamp are provided for onerous acquisitions of property rights or partial figures of this right relating to rustic buildings intended for logging.



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