The government of Portugal proposes corporate tax rate cut from 23% to 21% in 2015 budget. The parliament of Portugal presents its 2015 budget on October 15, 2014.
It is not possible to reduce personal income taxes in 2015 as Minister of State and Finance Maria Luís Albuquerque added. He gives the indication of reducing individual taxes in 2016. The budget of 2015 relieved old-age pensioners from the 3.5 percent special tax levied to all income.
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