Tax Authorities clarifies tax framework for wind farms and solar plants
On 03 March 2021, the Portuguese Tax Authorities published a circular in which its legal understanding regarding the tax framework for wind farms and solar plants under Municipal Property Tax (“IMI”) was clarified.
In this circular the Portuguese Tax Authorities analyses the qualification of wind farms and solar plants under the concept of building provided for in the Municipal Property Tax Code (“CIMI”), the method that should be used in its evaluation and the rules that should be followed for its registration.
Click HERE to access the circular.
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[Photo by: Mark Merner, available at unplash.com]