Deduction for reinvestment of extraordinary profits (DT 24ª.7 LIS and art. 42 RDLeg. 4/2004)
According to the provisions of the seventh section of the twenty-fourth transitional provision of the LIS , the income eligible for the deduction for reinvestment of extraordinary profits provided for in article 42 of the RDLeg. 4/2004, as amended in force for tax periods beginning before January 1, 2015, shall be governed by the provisions therein and its implementing regulations, even when the reinvestment and other requirements occur in tax periods beginning on or after January 1, 2015.
The conditions and requirements specified by the Corporate Tax Law for the application of deductions for reinvestment of extraordinary profits in tax periods beginning on or after January 1, 2015 are as follows: