Deduction for reinvestment of extraordinary profits (TD 24ª.7 LIS and art. 42 RDLeg.4/2004)
According to the provisions of paragraph seven of the twenty-fourth transitional provision of the LIS, income qualifying for the deduction for reinvestment of extraordinary profits provided for in article 42 of the RDLeg. 4/2004, as amended, in tax periods commencing prior to 1 January 2015, shall be governed by the provisions of that law and its implementing regulations, even when the reinvestment and the other requirements occur in tax periods commencing on or after 1 January 2015.
The conditions and requirements established by the Corporate Income Tax Law for the application of deductions for reinvestment of extraordinary profits in tax periods commencing on or after 1 January 2015 are as follows: