Portugal Parliament Considers 2026 State Budget Bill

The Portuguese Parliament Oct. 9 accepted for consideration Bill No. 37/XVII/1, the 2026 state budget bill. The bill includes measures to: 1) provide individual income tax (IRS) bracket thresholds and rates, with rates ranging from 12.5 percent to 48 percent; 2) set corporate income tax (IRC) rates of 2.5 percent, 7.5 percent, and 15 percent for specified plug-in hybrid passenger cars; 3) amend the VAT Code to include services for processing olives into oil; 4) establish a 25 percent vehicle tax rate for specified plug-in hybrid passenger cars; 5) exempt rural property transfers from property transfer tax (IMT) and stamp ...