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Image header Agence Europe
Europe Daily Bulletin No. 8361
Contents Publication in full By article 28 / 41
GENERAL NEWS / (eu) eu/state aid

Commission approves tax reductions in the Azores as long as they do not benefit financial services

Brussels, 13/12/2002 (Agence Europe) - The European Commission ha closed the enquiry it had opened over a tax scheme in the Azores through a conditional decision. The scheme in question is characterised by reductions in rates of personal income tax (IRS) and corporate income tax (IRC) payable in the region. These reductions are applicable automatically to all economic operators (individuals and companies) and are intended to allow firms established in the Azores region to overcome the...

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