Portugal Parliament Considers 2020 State Budget Bill

The Portuguese Parliament Dec. 16 accepted for consideration the 2020 state budget bill. The bill includes measures to: 1) amend the stamp duty rate for specified credits; 2) specify excise tax rates for tobacco and alcoholic beverages; 3) include income from the copyright on a computer program and income from the compensation of intellectual property right infringements under the corporate income tax base; 4) reduce the small and medium enterprise corporate income tax rate to 12.5 percent from 17 percent, and increase the eligible first tax base threshold for it to 25,000 euros (US$27,808) from 15,000 euros (US$16,682); 5) increase ...