Portugal Gazettes 2026 State Budget Law

The Portuguese Official Gazette Dec. 30, 2025, published Law No. 73-A/2025, the 2026 state budget law. The law includes measures: 1) providing individual income tax (IRS) bracket thresholds and rates, with rates ranging from 12.5 percent to 48 percent; 2) setting corporate income tax (IRC) rates of 2.5 percent, 7.5 percent, and 15 percent for specified plug-in hybrid passenger cars; 3) amending the VAT Code to include services for processing olives into oil; 4) establishing a 25 percent vehicle tax rate for specified plug-in hybrid passenger cars; 5) allowing PDF format invoices as electronic invoices for all tax legislation purposes, ...