Labor & Taxes
Investment account proposed by the CMVM may offer personal or professional management
The CMVM (Portuguese Securities Market Commission) has proposed the creation of an Individual Savings and Investment Account (CIPI). The model would offer IRS (personal income tax) exemption on returns from financial instruments held within the account, provided the assets are maintained for a minimum period of three years.
Why it matters
If this proposal is adopted, it could provide a new tax-efficient way for residents to invest in financial markets, with tax advantages linked to a three-year holding period.PúblicoRead original ↗
