Portugal's new tax regime for undertakings for collective investment (UCI) (Decree-Law No. 7/2015) entered into force on 1 July 2015 and generally applies from that date.
UCI Types
The new regime applies to the following Portuguese UCI types:
- Securities investment funds (fundos de investimento mobiliário);
- Real estate investment funds (fundos de investimento imobiliário);
- Securities investment companies (sociedades de investimento mobiliário); and
- Real estate investment companies (sociedad…