Considerations on COM(2001)442 - Authorisation of Portugal to apply a reduced rate of excise duty in the autonomous region of Madeira on locally produced and consumed rum and liqueurs and in the autonomous region of the Azores on locally produced and consumed liqueurs and eaux-de-vie - Main contents
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dossier | COM(2001)442 - Authorisation of Portugal to apply a reduced rate of excise duty in the autonomous region of Madeira on locally produced and ... |
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document | COM(2001)442 ![]() |
date | February 18, 2002 |
(2) The application by Portugal, by way of derogation from Article 90 of the Treaty, of a reduction of the excise duty rate in the autonomous region of Madeira on locally produced and consumed rum and liqueurs, and in the autonomous region of the Azores on locally produced and consumed liqueurs and eaux-de-vie, is therefore necessary and justified in order to avoid endangering the development of those regions.
(3) Taking into account the importance of giving local economic operators the fiscal security they need to develop their commercial activities as against the need to set a time limit on tax derogations, the derogation should be granted for a period of seven years.
(4) However, the granting of a seven-year derogation should be subject to the condition that a mid-term report is produced so that the Commission can assess whether the reasons which justify the granting of the tax derogation still exist.
(5) This Decision shall not prejudice the possible application of Articles 87 and 88 of the Treaty.