Following approval by the EU Commission, The Portuguese government has submitted a bill to parliament containing new proposed rules for the Madeira (Island) International Business Centre (MIBC) regime, including an extension of the regimes benefits to 2027 for companies licensed between 1 January 2015 and 31 December 2020 to operate in the MIBC.
The main benefit for MIBC licensed companies is a reduced corporate income tax (CIT) rate of 5% on qualifying taxable income. The amount of taxable …