The European Commission's decision on the aid scheme granted to companies in Madeira's free zone - Regime III, which considers that the aid was granted illegally due to non-compliance with the assumptions inherent in the tax benefits in question, has been made public, obliging the Portuguese State to recover the amounts unduly granted and the resulting interest. The Portuguese State has initiated the notification procedure for aid deemed to have been unduly granted and which must be repaid. Tax benefits of the Madeira free zone and ...
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