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The article from Jornal Económico highlights the importance of the SIFIDE (Tax Incentive System for Business R&D) as a crucial mechanism to foster innovation within Portuguese companies. With an application deadline set for 31 May, this incentive allows companies to deduct up to 82.5% of their corporate income tax (IRC) based on eligible expenses in research and development activities. Despite the significant benefits, only 0.62% of Portuguese companies have used this mechanism in the past 18 years. Yunit Consulting, which has supported over 300 companies in submitting SIFIDE applications, stresses the need for a strategic approach to maximise tax efficiency and boost business competitiveness.
29 April 2025
According to data provided by Yunit Consulting, only 0.62% of national companies have benefited from SIFIDE in the past 18 years. This mechanism enables a significant reduction of corporate income tax (IRC) through the deduction of eligible R&D expenses.
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