GTL Summary:

Article 50 of the Decree-Law addresses the tax treatment of a Designated Zone. It stipulates that for tax purposes, a Designated Zone is considered to be outside the State's jurisdiction. This special classification is not automatically granted; it is conditional upon the zone meeting specific requirements and criteria as laid out in the Executive Regulation of the Decree-Law. Therefore, entities operating within these zones must ensure full compliance with the conditions specified in the Executive Regulation to benefit from the territorial exemption implied by being treated as 'outside the State'.