Joaquim Pedro Lampreia, partner of the Tax practice, is quoted by the Jornal de Negócios in its article on the binding information recently published by the Portuguese Tax and Customs Authority (“AT”), which determines the rules applicable to any company that becomes a Collective Investment Entity (“OIC”), including SIGIs (real estate investment and management companies).
The lawyer states that “the SIGI decree-law foresees the transformation of SA [public limited companies] into SIGI, but does not, however, establish a transitional tax regime for these companies under transformation.” He further explains that “given that this new entity is also taxed in accordance with the special regime foreseen under article 22 of the EBF [for OICs], the AT’s reasoning also applies to the transformation of SA into SIGI”.
Read the article here (contents only available in Portuguese).