November 02, 2017 | Tax Alert

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Tax Alert 11 | Exemption from Stamp Duty on restructuring or refinancing operations on default credit

Exemption from Stamp Duty on restructuring or refinancing operations on default credit

It was published in Diário da República a Law No. 70 / 2021, of November 4, which establishes an exemption from Stamp Duty on the use of credit and provision of guarantees in the context of restructuring or refinancing operations of credits in default, with the exception of an additional loan to cover liquidity needs, in cases in that the ownership of the tax charge belongs to the beneficiary entity of the legal moratorium provided for in Decree-Law no. 10-J/2020, of March 26th.

This exemption applies to tax events occurring after 14 September 2021 and does not cover consumer credit transactions.

[This document is for information purposes only and does not dispense with the analysis of the legislation and assessment of its applicability to each specific situation. Therefore, we are not responsible for any decision made based on this information.]