Portugal announces 2026 Budget, proposes lower corporate tax rates
Portugal’s 2026 draft budget proposes tax cuts for companies, including a corporate tax rate reduction to 19% (and 15% for SMEs), as part of the plan to lower the rate to 17% by 2028. Portugal’s government has presented the draft State
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Portugal hosts 77th Congress of the International Fiscal Association (IFA)
The 77th Congress will be held from 5 to 9 October 2025 at the Lisbon Congress Centre (CCL) The global tax community is convening in Lisbon, Portugal for the 77th Congress of the International Fiscal Association (IFA) from 5 to 9 October 2025 at
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Portugal: Parliament grants VAT relief for farmers affected by rural fires
Portugal approves six-month VAT exemption on animal feed for farmers in fire-affected areas. Portugal's parliament approved Law no. 57-A/2025 on 25 September 2025, amending Decree-Law no. 98-A/2025, to introduce a temporary VAT exemption on the
See MorePortugal, UK sign new income tax treaty
The new income tax treaty will replace the 1968 Portugal-UK tax treaty when it takes effect. Portugal and the UK signed a new income tax treaty on 15 September 2025. The agreement aims to prevent or reduce double taxation between the two
See MorePortugal updates blacklist of favourable tax jurisdictions
Portugal delists Hong Kong, Liechtenstein, and Uruguay from its tax blacklist. Portugal has issued Ordinance No. 292/2025/1 on 5 September 2025, introducing changes to the list of jurisdictions considered to have privileged tax regimes under
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Portugal approves registration form for Pillar 2 regime
Portugal issued Form 62 for the GMT regime, requiring filings from covered multinational and large domestic group entities with defined rules and deadlines. Portugal published Ordinance No. 290/2025/1 in the Official Gazette on 2 September 2025,
See MorePortugal extends corporate tax filing and payment deadlines for 2024
Portugal extended the 2024 corporate income tax (IRC) filing and payment deadline for calendar-year companies from 15 June 2025 to 30 June 2025. Portugal’s tax and customs authority issued Order No. 2/2025-XXV on 9 June 2025, extending the
See MorePortugal extends 2024 CIT, property tax deadlines due to power outage
Portugal’s Tax and Customs Authority has issued Order No. 79/2025 - XXIV on 8 May 2025, extending key tax deadlines due to the recent large-scale power outage affecting Portugal, France, and Spain. The filing deadline for the 2024 annual
See MorePortugal extends VAT compliance deadlines due to tax portal disruptions
The Portuguese government has extended several VAT compliance deadlines under Order No. 78/2025 – XXIV on 6 May 2025, due to recent tax portal access issues caused by power outages in some EU countries and other network disruptions. The new
See MorePortugal approves tax simplification Law to cut compliance costs
Portugal's government has approved Decree-Law no. 49/2025, introducing several tax simplification measures to boost economic competitiveness. These measures focus on reducing compliance costs, improving transparency, and refining tax justice
See MorePortugal adopts EU small business scheme for cross-border trade
Portugal has published Decree-Law No. 35/2025 of 24 March 2025 in the Official Gazette, introducing measures to align with EU VAT law for small businesses. The Decree includes the EU small business scheme for cross-border supplies under Council
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Brazil and Portugal push to finalise tax treaty revision
Brazil’s Ministry of Foreign Affairs has released a joint statement reaffirming Brazil and Portugal's commitment to revising the 2000 Brazil-Portugal Income Tax Treaty on 19 February 2025. This declaration was made during the XIV Brazil-Portugal
See MorePortugal rules capital gain on foreign shares not taxable
The Portuguese tax authority (PTA) issued Ruling No. 21788 on 31 January 2025, announcing that a Portuguese non-resident individual is not liable for capital gains tax in Portugal on the sale of shares in a foreign company with assets in the
See MorePortugal announces 2024 FY municipal surcharge rates for corporations
The Portuguese Tax Authority has issued Circular Letter No. 20273/2025 on 22 January 2025, outlining the municipal surcharge rates for corporate tax in fiscal year 2024. The circular introduces several key provisions, including: Lower
See MorePortugal updates property transfer tax rates for 2025
Portugal's tax authority has introduced new tables for the calculation of progressive property transfer tax (IMT) on 10Â January 2025.This new tax rate is effective from 1 January 2025. These updated tables apply to property acquisitions
See MorePortugal introduces tax incentive for research and innovation
Portugal has published Ordinance No. 352/2024/1 23 December 2024, which regulates the tax incentive for scientific research and innovation (IFICI) included in the 2024 Budget Law. The Ordinance entered into force on 24 December 2024. The
See MorePortugal gazettes Budget Law for 2025, reduces corporate tax rate
Portugal’s Official Gazette published Law No. 45-A/2023 on 31 December 2024, which approves the Budget for 2025. Effective from 1 January 2025, the standard corporate tax rate decreased from 21% to 20%, and reduced the rate for SMEs on the first
See MorePortugal postpones mandatory SAF-T submission
Portugal has announced the postponement of mandatory submission of the Standard Audit File for Tax (SAF-T), which was initially scheduled for 2026. The new deadline has been pushed to 2027 following the approval of the state budget, allowing
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