Portugal - The Accounting and Tax Treatment of Corporate Restructuring Provisions: A Portuguese Perspective
- A. Martins
- European Taxation, 2012 (Volume 52), No 7
- 4 June 2012
This article discusses the accounting and tax treatment of provisions for restructuring, in particular, the fact that restructuring provisions are not tax deductible in Portugal. The reasons for this tax treatment are analysed and the differences between book values and income tax values that emerge from this situation are highlighted.