The CDS-PP Madeira party has expressed support for reducing the general Corporate Income Tax (IRC) rate to 12.6% in the region.
This stance, aligned with coalition partner PSD-Madeira, is contingent on the national rate potentially being lowered from 19% to 18% by the Republic's government in 2027. The centrist party aims to maintain a 30% tax differential compared to the mainland, viewing it as a tool to offset costs associated with island and outermost region status.
João Pedro Sousa, a national council member for CDS, argued that regional taxation should serve as an economic policy instrument to boost investment, hiring, and wage increases, fostering sustained growth and skilled job creation.
The party also advocates for maintaining and enhancing the favorable tax regime for the North Coast and Porto Santo, with an IRC rate of 8.75%, as a means to attract businesses and combat depopulation in these areas.
