The country’s State Budget for 2014 (OE 2014) is adopted by the Portuguese Parliament (AR).
The budget deficit is reduced to 4 percent of gross domestic product (GDP) is ensured by the fiscal consolidation measures, in connection with the country’s commitments to its international partners and to other European Union states.
Under the plans, real estate funds will fall under taxation. However, to boost investment and to increase the competitiveness of businesses, corporation tax (IRC) will be cut in 2014, from 25 percent currently to 23 percent.
