Key Benefits:
CHAIR OF THE COUNCIL OF MINISTERS
Proposed Law No. 247 /X
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Exhibition of Motives
The depth and extent of the international financial crisis have aggravated the outlook
of world economic growth. In the European Union, Member States have by
this launched, in a coordinated manner, initiatives aimed at strengthening confidence and the
ensure the smooth operation of financial systems. The granting of guarantees of the
State to the financial institutions and the support granted to their recapitalization are examples
of that. Most recently, the European Council has approved a Recovery Plan
Economic with a view to producing a stimulus to economic activity and employment
that counteract the anticipated deterioration of European growth. The said Plan, taking
flexibility party provided for in the Stability and Growth Pact in the face of occurrence
of exceptional circumstances, promotes the coordinated intensification of the anti-
cyclic to be continued by the various Member States, provoking a budgetary stimulus
of the order of 1.5% of GDP.
The State Budget for 2009 contains already several measures that fall in the spirit
of this decision of the Council: the reduction of the Income Tax of Persons
Collective (IRC) for small and medium-sized enterprises (SME ' s), the reduction of payment
on account, the programme of extraordinary regularization of state debts, the programme
of the new dams, the increase in public investment in areas such as schools, the
science, technological modernization or the qualification of public services, as well as the
enhancement of supports for families and investment in social equipment. However, before
the aggravation of the external conjuncture and aware of the risks that this poses to its
economy, Portugal can't help but associate with the common effort now started, without
prejudice to the rigor of its public finances.
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In that sense, and in such a way as to implement the Investment and Employment Initiative,
approved by the Government, it becomes necessary to add to the State Budget for 2009 the
standards that will allow the implementation of the set of additional measures, of character
financial and fiscal, which are part of the said Initiative, centered on five major axes
of action:
-Modernization of schools;
-Promotion of renewable energy, energy efficiency and transport networks of
energy;
-Modernization of the technological infrastructure-New Generation Broadband Networks;
-Special support for economic activity, exports and PME's;
-Support for employment and strengthening of social protection.
The integral measures of the said axes are aimed at, in essence, a conjunctural effect
counter-cyclical on investment and employment, being equally framed in the
Lisbon strategy, contributing to the enhancement of modernization and competitiveness of the
Country, of the qualifications of the Portuguese, of independence and energy efficiency, well
how for environmental sustainability, in addition to contributing to the promotion of
social cohesion.
In concrete, it is seen, in particular:
i) The strengthening of the School Park Modernization Program, through anticipation
of the reconstruction and modernization of 100 more public schools disseminated by the
Country;
ii) The promotion of energy sustainability, upon extraordinary support to
installation of solar panels and microgeneration units, the improvement of efficiency
energy of public buildings, investment in smart energy networks and
the anticipation of investment in the energy transport infrastructure;
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iii) The support for the realization of investments in New Generation Broadband Networks,
with the investment in fiber-optic networks;
iv) The implementation of specific mechanisms for improvement of the conditions of
financing of the activity of SMEs, by the creation of new measures to support the
investment and export to SMEs's, for agriculture and agro-
industry, the establishment of a business restructuring support fund and support for
external promotion in the tourism sector; and
v) The strengthening of support for maintenance and job creation, notably through
of new measures designed to support micro and small businesses, facilitate access
of young people to employment, facilitate the transition to the employment of public ones in greater
disfavorability, improve qualifications and stimulate the creation of the own
employment, as well as the enlargement of social protection.
In the case of tax measures, it is created, for the year 2009, a combined scheme of
tax incentives (Fiscal Investment Support Regime held in 2009-RFAI
2009) that makes it possible to potentiate business productive investment by introducing
of two thresholds of automatic tax benefits in IRC headquarters and, complementarily,
in the Municipal Tax on Real Estate (IMI), on the Municipal Tax on Transmissions
Onerous of Real Estate Assets (IMT) and the Selo Tax, perfecting and enlarging the
scheme of tax benefits on investment of contractual nature beholded under the
Article 41 of the Status of Tax Benefits.
Complementarily, it is devotes the lowering of the minimum limit of the special payment by
account, applicable in IRC headquarters, for € 1000, and reduces the minimum threshold for the
submission of applications for reimbursement in value added tax (VAT),
preventing, still, in a VAT office, in the case of goods and services provided under
public procurement to establish a regime of inversion of the taxable person of VAT
( reverse charge ), attributing to the State bodies, Autonomous Regions, Authorities
Locals and other legal persons of public law the obligation to settle and deliver the
tax, on replacement of the suppliers.
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Under the Tax Benefits Statute, two relevant amendments are carried out.
One, with respect to the tax regime of the Corporate Societies of Social Participants
extending it to the companies constituted in other Member States, so as to
stimulate investment and encourage the displacement of capital into the national space,
to propitiate an open regime and with effective tax competitive content, having in
account for the recent guidelines of the Court of Justice of the Communities. Another, deals with the
extension of the benefits applicable to the acquisition of computers for the acquisition of
equipment related to New Generation Broadband Networks.
Finally, the scope of the system of tax incentives in research and
business development (R&D) development (SIFIDE), in such a way as to allow 32.5% of the expenditure
with research and development can be deducted from the collection, as well as the
increase the upper limit of the incremental rate, which rises from 750000 to 1500000 euros.
Complementarily in view of the stimulus to private investment and the promotion of the
efficiency of financing conditions of public investment, are updated the
limits provided for in the State Budget for 2009 in respect of State guarantees,
providing for recognition by the Government of the projects deemed relevant in
matter of strengthening the competitiveness and productive capacity of the Portuguese economy,
contributing equally to the preservation of the level of economic activity.
The set of the measures that integrate the budget programme designated by " Initiative
for Investment and Employment " introduces a new impetus to public investment,
stimulates private investment, fosters exports, encourages maintenance and
creation of employment and strengthens social protection. Its implementation will thus give a
important contribution to growth and employment by enhancing the anti-...
Cyclical from the State Budget to 2009.
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Thus:
Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the
Assembly of the Republic the following proposal for a law:
CHAPTER I
Initiative for Investment and Employment
Article 1.
Subject
This Law creates the budget programme designated by " Initiative for Investment and
the Employment " and, in its scope, creates the tax regime in support of the investment carried out in
2009 (RFAI 2009) and proceeds to the amendment to the Law No. 64-A/2008 of December 31.
Article 2.
Program "Initiative for Investment and Employment"
1-It is created the budget programme designated by " Initiative for Investment and the
Employment ", hereafter abbreviated by IIE Program.
2-The IIE Programme aims to promote economic growth and employment by contributing
for the enhancement of the modernization and competitiveness of the Country, the qualifications of the
Portuguese, independence and energy efficiency, as well as for the
environmental sustainability and, still, the promotion of social cohesion.
Article 3.
Measures and coordination of the IIE Program
1-The IIE Program is composed of the following measures:
a) Modernization of schools;
b) Promotion of renewable energy, energy efficiency and networks of
transport of energy;
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c) Modernization of the technological infrastructure-New Broadband Networks
Generation;
d) Special support for economic activity, exports and small and medium
companies (SME ' s);
e) Support for employment and strengthening of social protection.
2-A The coordination of the IIE Programme is ensured by the Ministry of Finance and the
Public Administration.
Article 4.
Funding of the IIE Program
1-The IIE Programme is financed by appropriations entered in the State Budget for
2009, in the national component, add to the provisional appropriation entered in the Chapter
60 of the Ministry of Finance and Public Administration, in the overall amount of €
980 million, as well as by community funding in the projected amount of €
740 million.
2-A The transfer of the State Budget to 2009 for social security is
enhanced in the amount of € 185.7 million, aiming to provide coverage to the measure of support
to employment and strengthening of social protection.
3-Without prejudice to the provisions of the preceding paragraphs, the IIE Program may still be
funded with recourse to balances in the possession of the services.
CHAPTER II
Budgetary changes inherent in the IIE Programme
Article 5.
Amendment to Law No. 64-A/2008 of December 31
Articles 127, 131, 135, 139 and 142 of the Law No 64-A/2008 of December 31,
shall be replaced by the following:
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" Article 127.
[...]
1-[...].
2-Added to the limit set in the previous number to be granted loans
by the services and autonomous funds, up to the contractual amount
equivalent to € 500 million, not counting for this limit the amounts
regarding the restructuring or consolidation of credits, including the
eventual capitalization of interest.
3-[...].
4-[...].
Article 131.
[...]
1-[...].
2-[...].
a) For the programmes co-financed by the ERDF, by
community initiatives and the Cohesion Fund € 1300 million;
b) [...].
3-[...].
4-[...].
5-[...].
6-[...].
7-[...].
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Article 135.
[...]
1-The maximum limit for the authorization of the granting of guarantees by the State
in 2009 is fixed, in terms of annual net flows, at € 6000 million.
2-[...].
3-The responsibilities of the State arising from the commitments of the
concession, in 2009, of guarantees of credit insurance, of credits
financial, insurance-escrow and investment insurance may not overtake,
in terms of annual net flows, the amount equivalent to € 2100
million.
4-[...].
5-With observance of the limit set out in paragraph 1, they may benefit from guarantees
of the State, in 2009, the investment projects deemed relevant
by resolution of the Council of Ministers.
6-The provisions of the preceding paragraph shall prevail over any legal provisions
to the contrary.
Article 139.
[...]
To cope with the financing needs arising from the implementation of the
State budget, including services and funds endowed with autonomy
administrative and financial, is the Government authorized, under the terms of the h)
of Article 161 of the Constitution and of Article 142 of this Law, to increase the
direct global net borrowing, up to the maximum amount of € 10 107.9
million.
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Article 142.
[...]
1-[...].
a) Amount of limits for the addition of net borrowing
direct global set out in the terms of Articles 139, 141 and
149.
b) [...];
c) [...].
2-[...].
3-[...]. "
Article 6.
Amendment to the maps of Law No 64-A/2008 of December 31
The amendments arising from this Law are contained in maps I to IV, X to XIV and XXI, in
annex to this Law, of which it is an integral part, which replaces the corresponding maps
referred to in Article 1 of the Law No 64-A/2008 of December 31.
Article 7.
Budget transfers
1-Without prejudice to the provisions of Article 7 of the Law No 64-A/2008 of December 31, stands the
Government authorized to make budgetary changes and constant transfers of the
framework annexed to this Law, of which it is an integral part.
2-It is, still, the Government authorized to make budgetary changes and transfers
that show necessary for the proper implementation of the IIE Program, independently
of their nature and entities involved, organic and functional classifications, to be published
pursuant to Art. 52 of Law No 91/2001 of August 20.
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CHAPTER III
Tax measures inherent in the IIE Program
Article 8.
The lteration to the Tax Code on the Incomes Of Collective Persons
Article 98 of the Income Code on the Incomes Of Collective Persons,
abbreviately designated by IRC Code, approved by the Decree-Law No. 442-B/88, of
November 30, is replaced by the following:
" Article 98.
[...]
1-[...].
2-The amount of the special payment per account is equal to 1% of the volume of
business relating to the previous financial year, with the minimum limit of € 1000, and,
when higher, it shall be equal to this increased limit of 20% of the surplus part,
with the maximum limit of € 70000.
3-[...].
4-[...].
5-[...].
6-[...].
7-[...].
8-[...].
9-[...].
10-[...].
11-[...].
12-[...]. "
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Article 9.
Amendment to the Value Added Tax Code
Article 22 of the Value Added Tax Code, abridgingly designated
by VAT Code, approved by the Decree-Law No. 394-B/84 of December 26, passes
have the following wording:
" Article 22.
[...]
1-[...].
2-[...].
3-[...].
4-[...].
5-[...].
6-Notwithstanding the provisions of the preceding paragraph, the taxable person may apply for the
reimbursement before the end of the 12-month period when you check the cessation of
activity or pass to fall under the provisions of Article 29 (3) and (4), para. 1
of Article 54 or Article 61 (1) provided that the value of the refund is equal to or
higher than € 25, as well as when the credit to its favour exceeds € 3000.
7-[...].
8-[...].
9-[...].
10-[...].
11-[...].
12-[...].
13-[...]. "
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Article 10.
Legislative authorisation in the VAT
1-It is the Government authorized to amend the VAT Code in the matter concerning the incidence
subjective.
2-A The authorization referred to in the preceding paragraph has as a sense and extension the
establishment of a rule of inversion of the taxable person of the tax relatively
transmissions of goods and benefits of services carried out in the framework of contracts
public of value equal to or greater than € 5000, whose purchasers of the goods or
recipients of the services are the state or other legal persons of law
public.
3-A present legislative authorization shall be used within 60 days after the
approval by the European Council of the application for derogation for the purpose,
presented under Article 395 of Council Directive No 2006 /112/CE of the Council of
November 28, 2006, concerning the common VAT system.
Article 11.
Amendment to the Status of Tax Benefits
Articles 32 and 68 of the Status of Tax Benefits, approved by the Decree-Law
n ° 215/89 of July 1, shall be replaced by the following:
" Article 32.
[...]
1-[...].
2-[...].
3-[...].
4-[...].
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5-[...].
6-The provisions of paragraphs 1 a to 3 shall also apply to companies whose registered office or
effective steering is situated in Portuguese territory, constituted second
the right of another Member State of the European Union, which have by
only contractual object to the management of social shareholdings of other
societies, as long as they fulfil the remaining requirements to which they are
subject to the companies governed by the Decree-Law No. 495/88, 30 of
December.
Article 68.
[...]
1-Are deductible to the IRS collection, up to your competition, after deductions
referred to in Article 78 (1) and in Article 88 of the respective Code, 50%
of the amounts expended with the acquisition of personal use computers,
including software, terminal apparatus as well as with equipment
related to New Generation Broadband Networks, up to the € limit
250.
2-[...].
3-[...]. "
Article 12.
Amendment to Law No. 40/2005 of August 3
Article 4 of Law No. 40/2005 of August 3, which creates the system of tax incentives in
research and development (R&D) business, is replaced by the following:
" Article 4.
[...]
1-[...]:
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a) Base rate-32.5% of the expenses incurred in that period;
b) Incremental rate-50% of the addition of the expenditure incurred in that
period in relation to the simple arithmetic mean of the two exercises
previous, up to the limit of € 1500000.
2-[...].
3-[...].
4-[...]. "
Article 13.
Investment Support Tax Regime held in 2009
The Fiscal Investment Support Regime carried out in 2009 (RFAI 2009) is approved,
which is an integral part of this Act and which appears in the following Articles:
" Article 1.
Subject
A specific system of tax incentives for investment is created
in 2009 in certain sectors of activity, designated by tax regime
of investment support carried out in 2009, below abbreviated
by RFAI 2009, respecting Regulation (EC) No 800/2008, of 6 of
August 2008, which declares certain categories of aid compatible with the
common market, in application of Articles 87 and 88 of the Treaty
(General exemption regulation by category).
Article 2.
Scope and definitions
1-RFAI 2009 is applicable to the passive IRC subjects who exercise, the
main title, an activity:
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a) In the agricultural, forestry, agro-industrial, energy and tourism sectors and
still from the extractive or transformative industry, with the exception of
steel sectors, shipbuilding and synthetic fibres, such
as defined in Article 2 of the Regulation (EC) No 800/2008 of the
Commission, of August 6, 2008;
b) In the framework of the New Generation Broadband Networks.
2-For the purposes of this regime, they consider themselves to be relevant
following investments, provided that it is allocated to the holding of the company:
a) Investment in immobilized tangible assets, acquired in a state
again, with the exception of:
i) Land, save in the case of the exploitation of
mining concessions, natural and nascent mineral waters,
quarries, barretors and airmen in industry projects
extractive;
ii) Construction, acquisition, repair and extension of any
buildings, save if they are manufacturing facilities or affections to
administrative activities;
iii) Light passenger or mixed viatures;
iv) Furniture and articles of comfort or decoration, save
hotel equipment affection for the tourist operation;
v) Social equipment, with the exception of those that the company is
required to have by legal determination;
vi) Other investment goods that are not direct and
impressively associated with the productive activity exerted
by the company;
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b) Investment in immobilized intangible assets, consisting of
expenses with technology transfer, namely, through the
acquisition of patent rights, licences, "know-how" or
technical knowledge not protected by patent.
3-Can benefit from the tax incentives provided for in this scheme, the
taxable IRC subjects that cumulatively fill the following
conditions:
a) Have regularly arranged accounting, according to
accounting normalization and other legal provisions in force for
the respective sector of activity;
b) Your taxable profit is not determined by indirect methods;
c) Keep in the company and the region for a minimum period of
five years the subject goods of the investment;
d) Do not be debtors to the State and Social Security of any
contributions, taxes or contributions or have the payment of the
its duly secured debits;
e) Do not be considered companies in difficulty under the terms of
Communication from the Commission on Community Guidelines
relating to State aid for emergency and restructuring to
companies in difficulty published in the Official Journal of the European Union
C 244 of October 1, 2004;
f) Carry out relevant investment that provides for the creation of posts
of work and its maintenance until the end of the deduction period
constant of paragraphs 2 and 3 of Article 3.
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4-In the case of passive IRC subjects who do not enroll in the category
of micro, small and medium-sized enterprises, as defined in Annex I of the
Regulation (EC) No 800/2008 of the Commission of August 6, 2008, the
investment expenditure referred to in point (s) b) of paragraph 2 shall not
exceed 50% of the relevant investments.
5-It is considered investment carried out in 2009 the corresponding to the additions,
verified in that exercise, from tangible immobilizations and well so what,
having the nature of tangible assets and not by saying respect to
advances, translates into additions to the ongoing immobilizations.
6-For the purposes of the preceding paragraph, do not consider the additions of
tangible immobilizations that result from transfers of immobilized in
course transitioned from previous exercises, except if they are advances.
Article 3.
Tax incentives
1-To the taxable persons of IRC residing in Portuguese territory or that there
possess stable establishment, which exercise the main title a
activity of a commercial, industrial or agricultural nature covered by the n.
1 of the previous article that takes place, in 2009, investments considered
relevant, the following tax benefits are granted:
a) Deduction to the IRC collection, and up to the competition of 25% of it,
of the following importances, for investments carried out in regions
eligible for support in the framework of regional purpose incentives:
i) 20% of the relevant investment, regarding the investment up to
to the amount of € 5000000;
ii) 10% of the relevant investment, concerning the investment of
value greater than € 5000000;
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b) Municipal Tax exemption on Real Estate, for a period up to
Five years, regarding the buildings of your property that
constitute relevant investment;
c) Municipal Tax Exemption on Onerous Transmissions from Bens
Real estate with respect to the acquisitions of buildings that constitute
relevant investment;
d) Selo's Tax exemption regarding the acquisitions of buildings
that constitute relevant investment.
2-A deduction referred to in point a) of the preceding paragraph is carried out in the
settlement concerning the period of taxation that starts in 2009.
3-When the deduction referred to in the preceding paragraph may not be made
in full for insufficiency of collection, the importance not yet
deduced may be it, under the same conditions, in the liquidations of the four
following exercises.
4-For the purposes of the provisions of the provisions of b) and c) of paragraph 1, the exemptions provided therein
are conditioned on recognition, by the competent assembly
municipal, in the interest of investment for the region.
5-The overall amount of tax incentives granted in the terms of
previous figures may not exceed the value that results from the application of the
maximum limits applicable to investment with regional purpose for the
period 2007-2013, in force in the region in which the investment is
carried out, set out in Article 7.
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Article 4.
Ancillary obligations
1-A deduction provided for in paragraph a) of paragraph 1 of the preceding Article is justified by
document to be integrated into the tax documentation process to which the
article 121 of the IRC Code, which discriminately identifies the
relevant investments, the respective amount and other elements
considered relevant.
2-From the tax documentation process pertaining to the exercise of the deduction must
still in the document that evidenced the calculation of the tax benefit, well
as a document proving that it is filled to
condition referred to in paragraph d) of Art. 2 (3) with reference to the month
previous to that of the delivery of the periodic income statement.
3-A accounting of the taxable persons of IRC beneficiaries of the scheme
provided for in this Law shall evidence the tax that cede to be paid
as a result of the deduction referred to in the previous article by
mention of the corresponding value in the annex to the balance sheet and the demonstration
of results relating to the exercise in which the deduction takes place.
Article 5.
Default
In the case of non-compliance with the provisions of paragraph c) of Article 2 (3), is
added to the IRC pertaining to the exercise in which the taxable person has alienated the
goods the subject of the investment the tax that is no less than settled in
virtue of the present regime, plus the corresponding interest
compensation majors by five percentage points.
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Article 6.
Exclusivity of tax incentives
The tax incentives provided for in this diploma are not cumulable,
relatively to the same investment, with any other tax benefits
of the same nature provided for in other legal diplomas.
Article 7.
Maximum limits applicable to investment aid with regional purpose
1-In accordance with the national map of state aid with
regional purpose for the period from January 1, 2007 to 31 of
December 2013, approved by the European Commission on July 7,
2007, the maximum limits applicable to the tax benefits granted in
scope of the RFAI 2009 are as follows:
NUTS II NUTS III
Maximum limits applicable to the
investment aid with
regional purpose (applicable to
large companies)
1. Regions eligible for aid under the terms of paragraph a) of Article 87 (3) of the EC Treaty
during the whole period of 2007-2013
1.1.2007-
31.12.2010
1.1.2011-
31.12.2013
North Alto Rear-the-Montes 30 30
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Ave 30 30
Caged 30 30
Douro 30 30
Between Douro and Vouga 30 30
Large Port 30 to 30
Minho-Lima 30 30
Tâmega 30 30
Mondego Low Center 30 30
Low Vouga 30 30
Edge Interior North 40 30
Edge Interior South 40 30
Row of Beira 40 30
Dyes-Lafões 36.5 30
Pinhal Interior North 40 30
Pinhal Interior South 40 30
Pinhal Litoral 40 30
Serra da Estrela 40 30
Medium Tejo 30 to 30
West 30 30
Alentejo Lezria do Tejo 30 30
High Alentejo 40 30
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Alentejo Central 40 30
Alentejo Litoral 40 30
Low Alentejo 40 30
RA Wood RA of Madeira 52 40
RA of the Azores RA of the Azores 52 50
2. Regions eligible for aid under the terms of paragraph a) of Article 87 (3) of the EC Treaty
by 12/31/2010 (regions affected by the statistical effect)
Algarve Algarve 30 20
3. Regions eligible for aid under the terms of paragraph c) of Article 87 (3) of the EC Treaty
during the whole period of 2007-2013
Great Lisbon
The Frank Village of Xira
(Alhandra, Alverca of the
Ribatejo, Castanheira do
Ribatejo, Vila Franca de
Xira) 15 15
P. of Setúbal Setúbal 15 15
Palmela 15 15
Montijo 15 15
Alcochete 15 15
4. Regions eligible for aid under the terms of paragraph c) of Article 87 (3) of the EC Treaty
in the period of 1.1.2007-31-12-2008, with a maximum limit of 10%
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Great Lisbon
The Frank Village of Xira
(Cachoeiras, Calhandriz,
Povoa of Santa Iria, Saint
John of the Montes,
Vialonga, Sobralinho,
Fort of the House) 10
Mafra 10
Loures 10
Sintra 10
Amateur 10
Cascals 10
Odicandles 10
Oeiras 10
P. of Setúbal Seixal 10
Almada 10
Barreiro 10
Moita 10
Sesimbra 10
2-The limits set out in the preceding paragraph are majorated in ten points
percentage for medium-sized enterprises and by twenty percentage points for the
small businesses as defined in the Recommendation of the Commission of
May 6, 2003 on the definition of micro, small and medium
companies published in the Official Journal of the European Union L 124 of May 20
of 2003.
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3-In the case of major investment projects whose eligible expenses
exceed EUR 50 million, the limits provided for in paragraph 1 are subject to
the adjustment set out in paragraph 67 of the Guidelines on the
state aid with a regional purpose for the period 2007-2013
published in the Official Journal of the European Union C 54 of March 4, 2006. "
CHAPTER IV
Social Security
Article 14.
Amendment to the Law No. 64-A/2008 of December 31 in the framework of Social Security
Article 56 of Law No 64-A/2008 of December 31 is replaced by the following:
" Article 56.
[...].
1-Revert to the Social Security Financial Stabilization Fund
one share up to two percentage points of the percentage value
corresponding to the employee's contributions on account of outrain.
2-[...]. "
Article 15.
Budget changes in the framework of active employment and training policies
professional
1-It is the Government authorized to undertake the transfer of appropriations between the heading
functional of "Vocational Training" and the functional heading of " Active Policies of
employment " entered in Map XI-Social Security Expenditure by Classification
Functional, to cope with the accruals of charges arising from the program
budget designated by "Initiative for Investment and Employment".
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2-The monies transferred to "Active employment policies" referred to in the number
previous constitute revenue from the Institute of Employment and Vocational Training, I. P.
Article 16.
Transfers for active employment policies and vocational training during the
year of 2009
1-Of the budgeted contributions under the framework of the Previdential System, in the territory
continental, constitute own revenue:
a) From the Institute of Employment and Vocational Training, I. P., aimed at the policy of
employment and vocational training, € 627299711;
b) From the Institute of Management of the European Social Fund, I. P., aimed at the policy of
employment and vocational training, € 4004041;
c) From the Authority for the Conditions of Labour, intended for the improvement of the
working conditions and the policy of hygiene, safety and health at work, € 26
693605;
d) From the National Agency for Qualification, I. P., intended for the policy of
employment and vocational training, € 8008081;
e) From the Directorate-General for Employment and Labour Relations, aimed at politics
of employment and vocational training, € 1334680.
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2-Constituents own revenue of the Autonomous Regions of the Azores and Madeira,
respectively € 10686413 and € 12770204, intended for employment policy and
vocational training.
CHAPTER V
Final and transitional provisions
Article 17.
Amendment to Law No. 3/2009 of January 13
Article 22 of Law No 3/2009 of January 13 is replaced by the following:
" Article 22.
Production of effects
This Law shall produce effect on the date of entry into force of Law No 64-A/2008,
of December 31. "
Article 18.
Entry into force and production of effects
1-A This Law shall come into force on the day following that of its publication.
2-The provisions included in Chapter III of this Law shall produce effect on January 1
of 2009.
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3-Notwithstanding the provisions of the preceding paragraph, the wording given by this Law to the
Article 4 of Law No. 40/2005 of August 3 applies only to the expenditure incurred
in the taxation period that starts on January 1, 2009.
Seen and approved in Council of Ministers of January 16, 2009
The Prime Minister
The Minister of State and Finance
The Minister of the Presidency
The Minister of Parliamentary Affairs
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Proposed Law No. 247 /X
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Attachment
Table of changes and budget transfers
(referred to in Article 7). budget transfers )
Transfers relating to Chapter 50
... Source Destination Limits
maximum of the
amounts to
transfer
(in euros)
Scope / purpose
... Ministry
from the
Education
Cabinet of
Management
Financial
Park
School,
E. P. E.
300 million Modernization of the
schools