Decreto Regulamentar n.º 11/2017

Publicação: Diário da República n.º 248/2017, Série I de 2017-12-28
  • Emissor:Finanças
  • Tipo de Diploma:Decreto Regulamentar
  • Número:11/2017
  • Páginas:6713 - 6714
Versão pdf: Descarregar

Summary in plain english (Without legal value)

What is it?

This regulatory decree extends to 2017 the tax regime of impairment losses for credit risk that was in effect in 2016 and in previous years.

Impairment losses for credit risk are losses related to the risk of non-payment of loans made by financial institutions.

What will change?

The 2017 tax regime of impairment losses for credit risk that was in effect in 2016 will continue to apply.

This means that for the calculation of corporate income tax (IRC — Imposto sobre o Rendimento das Pessoas Coletivas) for 2017, the following will still apply:

  • the maximum limits of impairment losses and other value adjustments for specific credit risk deductible in the IRC’s taxable income
  • the rules that must be followed for such losses to be taken into account in the tax calculation.

What are its benefits?

This regulatory decree is intended to clarify that the tax regime of the previous year will continue to apply.

When does it come into effect?

This regulatory decree comes into effect the day after being published.

This text is intended to present the content of the legal act in accessible, plain and understandable language for citizens. The summary of the legal act in plain language has no legal value and does not replace the consultation of the legal act in the Diário da República.