Portugal has published Regional Legislative Decree No. 38/2021/A in the Official Gazette, which provides for the approval of the 2022 Budget measures for Portugal's Azores autonomous region. Among other things, the Decree sets the strategic sectors of the economy for which the deduction for reinvested profits may be applied, as provided under Regional Legislative Decree No. 2/99/A. This includes reinvestments in:
- Tourism promotion and rehabilitation of tourism enterprises;
- The acquisition o…