The draft new regulation that grants incentives for investment in Coimbra provides for the total or partial exemption of the Municipal Tax on Onerous Property Transfers (IMT), the Municipal Property Tax (IMI) and the Surcharge, the municipality revealed this Sunday.
“The document under consideration stipulates, among other measures, that the new investment incentives may include the total or partial exemption of the Municipal Tax on Onerous Asset Transfers, in the acquisition of real estate, to be used in the execution of the investment project or when a financial lease is made. It is used, with a purchase option at the end,” he says.
In a statement sent to the Lusa agency, the Coimbra City Council reveals that the project proposal, which will be deliberated at the executive meeting next Monday, also provides for the total or partial exemption from the IMI, for a period of up to five years, relatively to the properties intended for the execution of the investment project, with the possibility of renewing them only once, with the same term.
The total or partial exemption of the Surcharge applicable to taxable income subject to and not exempt from the Corporate Tax (IRC) is also provided for, “based on the defined criteria or the total or partial exemption of the applicable Urban Planning Rates, in accordance with the current municipal regulations.
“Legal entities in any sector of activity can benefit from a total exemption from the Surcharge that is applied to the tax base subject to and not exempt from the IRC”, provided they meet one of three criteria.
These include turnover equal to or less than 150 thousand euros, turnover greater than 150 thousand euros and equal to or less than 300 thousand euros, and jobs created in the last two financial years: one in microenterprises, three in small ones. companies and six in medium-sized companies.
“Start-ups and scale-ups covered by Law 21/2023, of May 25, and that are not covered by the previous number, may benefit from a 50% reduction in the surcharge applied to the benefit. taxable person and are not exempt from the IRC,” he adds.
The new project “Regulations for the Granting of Investment Incentives for the Municipality of Coimbra – Invest Coimbra”, replaces the current regulation, in force since 2017, called “Regulations to Support Economic Initiatives of Municipal Interest – Coimbra Investe”.
According to the Coimbra City Council, this regulation was outdated, which led to the creation of a new document to “meet the current needs of this strategic area”, “autonomising the dimension of incentives and support granted to investment and creating a mechanism autonomous for the disposal of new lots/land in the new business reception areas.”
“The current Coimbra Investe regulation does not achieve the objectives defined by the current executive for the development of the region, specifically its industrial and business fabric in general, so it is necessary to review it to satisfy the current needs of this strategic area for the Municipality,” he explains.
After the publication of the text of the project, interested parties may submit in writing, for a period of 10 business days, contributions to the preparation of the document.
Source: Observadora
