The European Commission's decision on the aid scheme granted to companies in the Madeira free zone - scheme III, which considers that the aid was granted illegally due to the failure to comply 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 procedure for the notification of the aid considered to have been unduly granted and to be repaid.
Tax advantages of the Madeira free zone and ...