Brussels, 13/01/2005 (Agence Europe) - The Commission has decided to take action at the Court of Justice against Portugal concerning the law on income tax. It formally calls on Greece to amend its legislation on taxation of corporate capital.
In its law on income tax, Portugal gives tax relief on added value made on the sale of permanent residences on condition that the profit is reinvested on Portuguese territory in the acquisition of another main residence. The Commission considers that...