Notice No. 9709/2025/2

Diário da República, 2nd Series, No. 71, of 10 April 2025

Economy

IAPMEI – Agency for Competitiveness and Innovation, I.P.

On 10 April 2025, IAPMEI published Notice No. 9709/2025/2, a short interpretative notice on Annex B to its earlier Notice No. 4812/2025/2 of 20 February - the list of economic activities recognised as relevant to the national economy under the IFICI tax incentive.

1. What it states: 

The notice states, in full, that  "Annex B to Notice No. 4812/2025/2, of 20 February... applies to economic activities falling within the codes of the Portuguese Classification of Economic Activities referred to in that Notice, where carried out by companies as their main activity. This Notice is interpretative in nature."

2. Why it matters: 

It settles a question that mattered for eligibility: a company only counts as operating in one of the relevant sectors if that activity is its main activity - not a secondary or incidental one.

3. Being "interpretative.":

Because the notice clarifies rather than changes the rules, it applies retroactively, back to when Notice No. 4812/2025/2 itself took effect.

Read the full IAPMEI’s interpretive Notice:

Summary: Interpretation of Annex B to Notice No. 4812/2025/2, of 20 February.

1 - Annex B to Notice No. 4812/2025/2, of 20 February, published in the Diário da República, 2nd series, No. 36, of 20 February, which sets out the list of economic activities recognised as relevant to the national economy for the purposes of the tax incentive regime for scientific research and innovation, applies to economic activities falling within the codes of the Portuguese Classification of Economic Activities referred to in that Notice, where carried out by companies as their main activity.

2 - This Notice is interpretative in nature.

Frequently Asked Questions

Automatically Created

What clarification did IAPMEI provide regarding IFICI eligibility?
IAPMEI clarified that, for IFICI purposes, only economic activities carried out as the company’s main activity are eligible.
Does a secondary activity qualify for IFICI support under the new clarification?
No, only the company’s main activity is considered for IFICI eligibility according to IAPMEI Notice No. 9709/2025/2.
Where can I find the official clarification on IFICI activity requirements?
The clarification is provided in IAPMEI Notice No. 9709/2025/2.