Investments in vehicle companies or in companies not recognized as engaged in research and development; expenses incorrectly classified as eligible; undue tax credit situations for having been registered by companies without applications or whose applications were not approved. These were some of the conclusions of the audit of the System of Fiscal Incentives for Research and Business Development (SIFIDE) carried out by the General Inspectorate of Finance (IGF) at the request of the then Secretary of State for Tax Affairs, António Mendonça Mendes (who meanwhile he became Deputy Secretary of State to the Prime Minister). The IGF also concluded, in the report to which the Observer had access, that there have been deficiencies in monitoring the application of SIFIDE.
It was already after receiving this evaluation that the Government approved changes to the regime in the Council of Ministers, specifically in the component that allows the tax benefit to those who invest in units of participation of the SIFIDE investment funds and that have implied in recent years a runaway tax spending.
Investment funds that enjoy tax benefits for innovation (SIFIDE) will have stricter rules
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Source: Observadora
