>Portuguese definition of CFC (see article 66, CITC): Profits or incomes of non-residents in Portugal and submitted to clearly more favourable tax regime are treated (with appropriate deductions) as profits or incomes of companies with residence in Portugal that, directly or indirectly, have at least 25% of capital, voting rights, rights on profits or incomes or rights on assets of said non-residents companies. A non-resident company is considered submitted to a clearly more favourable tax regime if the residence jurisdiction is by law considered has such or if that company pays an effective CIT or equivalent lower than 50% of the Portuguese one.