Article 7

Correction of errors or omissions harmful to the creditor entity

1 — When it is found that errors or omissions in the calculation of late payment interest have caused harm to the creditor entity, the competent services shall demand them additionally.

2 — They shall not be demanded additionally if the amount resulting from the demand is less than 5 euros.

Article 8

Privilege

Debts arising from late payment interest enjoy the same privileges as those legally attributed to the debts on which they are based.

Article 9

Ongoing installment plans

1 — Debtors with ongoing installment plans under Decree-Law No. 124/96, of August 10, shall benefit from a reduction, effective from the start, of 3 percentage points in the rate of late payment interest due, as provided in paragraph 2 of Article 4 of that legal document, as amended by Decree-Law No. 235-A/96, of December 9, with this reduction being 6 percentage points if, by March 31, 1999, they provide real guarantees or a bank guarantee covering at least half of the remaining capital owed on that date.

2 — Creditor entities shall apply the regime referred to in the previous paragraph to real guarantees constituted on their own initiative.

3 — The value of the installments to be paid shall be adjusted according to the value of the late payment interest due resulting from the application of the rate referred to in paragraph 1, starting from the 25th installment.

4 — The debtors referred to in paragraph 1 may also, regardless of the constitution of guarantees, benefit, with regard to the rate of interest due, from the provisions of paragraphs 5 and 6 of Article 3 of this document.

Article 10

Transitory provision

1 — References to euros in Articles 5 and 6, without prejudice to their provisions, shall be considered as referring to the corresponding value in escudos, until December 31, 2001, using the conversion rate irrevocably fixed by the Council of the European Union, in accordance with the first period of paragraph 4 of Article 109-L of the Treaty Establishing the European Community.

2 — Without prejudice to paragraph 2 of Article 7, and until December 31, 2001, the competent services of the creditor entity may settle additional interest in escudos.

Article 11

Repealing provision

Decree-Law No. 49 168, of August 5, 1969, is repealed, except for its Article 4, which remains in force.

Article 12

Entry into force

This document enters into force on the 1st day of the month following its publication.

Approved in the Council of Ministers on January 8, 1999. — António Manuel de Oliveira Guterres — António Luciano Pacheco de Sousa Franco — Joaquim Augusto Nunes de Pina Moura.

Promulgated on February 26, 1999.

Decree-Law No. 74/99

of March 16

By Article 43, paragraph 11, of the State Budget Law for 1998 (Law No. 127-B/97, of December 20), the Government was authorized, within the framework of defining the Patronage Statute, to carry out an integrated reformulation of the various types of donations made under patronage, particularly those of a social, cultural, environmental, scientific, and sporting nature, aiming for their harmonization.

Article 1

Approval of the Patronage Statute

1 — The Patronage Statute is approved, annexed to this decree-law and forming an integral part thereof.

2 — For the purposes of this document, only donations in cash or in kind granted without consideration that constitute pecuniary or commercial obligations to the public or private entities provided for therein, whose activity predominantly consists of carrying out initiatives in the social, cultural, environmental, scientific or technological, sporting, and educational areas, have fiscal relevance.

3 — The tax benefits provided for in this document, except those referred to in Article 1 of the Statute, depend on recognition, to be carried out by a joint order of the Ministers of Finance and the relevant sector.

Article 2

Repealing provision

Article 56 of the Personal Income Tax Code, approved by Decree-Law No. 442-A/88, of November 30, and Articles 39, 39-A, and 40 of the Corporate Income Tax Code, approved by Decree-Law No. 442-B/88, of November 30, are repealed.

Article 3

Repealing provision

This document takes effect from January 1, 1999, safeguarding the multi-year effects of previously granted recognitions.

CHAPTER I

Corporate Income Tax

Article 1

Donations to the State and other entities

1 — The following are considered costs or losses of the fiscal year, in their entirety, donations granted to the following entities: a) State, Autonomous Regions, and local authorities and any of their services, establishments, and bodies, even if personalized; b) Associations of municipalities and parishes; c) Foundations in which the State, Autonomous Regions, or local authorities participate in the initial endowment.

2 — Without prejudice to paragraph 3 of Article 1 of this document, donations granted to foundations in which the participation of the State, Autonomous Regions, or local authorities is less than 50% of their initial endowment are subject to recognition, to be carried out by a joint order of the Ministers of Finance and the relevant sector.

3 — The donations referred to in the preceding paragraphs are considered costs at a value corresponding to 140% of their total when exclusively intended for the pursuit of social purposes, 120% if exclusively intended for cultural, environmental, scientific or technological, sporting, and educational purposes, or 130% when granted under multi-year contracts concluded for specific purposes that establish the objectives to be pursued by the beneficiary entities and the amounts to be granted by the taxpayers.

Decree-Law No. 75/99

of March 16

The so-called second amendment to the Statutes of the International Monetary Fund (IMF), approved in 1978, had, among other consequences, the abolition of the official gold price.