Newsletter - Law No. 145/2018: Abolition of Allowance for Corporate Equity ('ACE') regime and introduction of a Facilitated Taxation of reinvested earnings ('Mini IRES')

Newsletter - Law No. 145/2018: Abolition of Allowance for Corporate Equity ('ACE') regime and introduction of a Facilitated Taxation of reinvested earnings ('Mini IRES')

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Law no. 145 of 30 December 2018, published in the Official Gazette no. 302 of 31 December 2018 ("2019 Budget Law"), repealed the Allowance for Corporate Equity ("ACE") regime, which was introduced by art. 1 of Decree Law no. 201 of December 6, 2011, by apparently replacing it through the introduction of a facilitated taxation regime on reinvested earnings for the acquisition of tangible assets and/or for the increase of employment.

 

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