SIFIDE - Tax Incentive System for Business R&D aims to increase the competitiveness of companies by supporting their research and development efforts by deducting IRC from R&D expenses.
SIFIDE was created in 1997 as a measure to encourage the participation of the business sector in the global R&D effort. The experience resulting from its application allows us to conclude that this mechanism has contributed to an effective increase in R&D activity by Portuguese companies.
The incentive system underwent several revisions. SIFIDE II became effective as of 2011 with the introduction of some changes to the legislation that make it even more attractive for companies.