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Maximum deduction caps for financial institutions


On 28 December 2018, Regulatory Decree No.13/2018 (the Regulatory Decree) establishing the maximum caps for deductions of impairment losses and other value adjustments for specific credit risks of financial institutions, as well as the rules to compute them, was gazetted.

The Regulatory Decree entered into force on 29 December 2018 and applies to tax years commencing on or after 1 January 2018.

Rita Botelho Moniz

© 2019 IBFD. Originally published as Maximum deduction caps for financial institutions gazetted (7 January 2019), News IBFD. Reproduced by permission.

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