IRC tax down to 20% in State Budget 2026
Portugal’s State Budget for 2026 foresees a general reduction in IRC corporation tax to 20% and a reduction to 16% on the first €50,000 of profit for SMEs and SMCs. This is in line with [...]
New IRS scales imply 3.5% increase in taxes in 2026 despite 3% offset
IRS brackets and respective tax hikes must be updated in 2026 by at least 3.51%, according to a formula that combines productivity and inflation, published in an ordinance this Friday in the [...]
Portugal could post 0.1% surplus for 2025
Despite warnings that Portugal risks returning to running an annual budget deficit, its Minister of Finances, Joaquim Miranda Sarmento, has two options to ensure that the government makes a [...]
Business associations call for scrapping of first five IRS brackets – “taxes are immoral”
The Business Roundtable Portugal association (BRP), which brings together 142 business leaders, has sent an open letter to the government calling for the scrapping of the first five IRS tax [...]
Rock in Rio had €120 million impact in 2024
The rock and pop festival Rock in Rio (RiR) will have generated an impact of the equivalent of €120 million for Portugal’s economy and represents €11.8 million in tax revenues (VAT and IRS). This [...]
Government should cut IRC to up company competitiveness says banker
Portuguese former celebrity banker, Sir António Horta-Osório says that the government should slash corporation tax for companies to help them become more competitive. António Horta Osório states [...]
IRC tax reduction will have positive benefit for Portugal’s GDP
A study on the ‘Impact of IRC on the Portuguese Economy’ has concluded that reducing IRC on companies would have positive consequences for Portugal’s GDP. However, the loss of revenues for the [...]
