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Portugal: Direct and indirect tax measures in 2025 budget bill

Significant VAT changes and 1% reduction in corporate income tax rate

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December 30, 2024

The Parliament on November 29, 2024, approved the 2025 budget bill, implementing significant changes to value added tax (VAT) and special consumption taxes.

The law also includes a reduction of the corporate income tax rate by 1% and some changes on tax benefits in place.

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