Portuguese Government Approves Plan to Lower Corporate Tax Rate

July 4, 2024, 1:18 PM UTC

Portugal’s cabinet approved a previously announced plan to gradually reduce the corporate tax rate to 15% from 21% at a pace of 2 percentage points per year in 2025-2027.

  • Approval announced by Finance Minister Joaquim Miranda Sarmento at a press conference following the cabinet meeting
  • NOTE March 28: Portugal’s New Premier Picks Sarmento as Finance Minister (1)

To contact the reporter on this story:
Joao Lima in Lisbon at jlima1@bloomberg.net

To contact the editor responsible for this story:
Chad Thomas at cthomas16@bloomberg.net

© 2024 Bloomberg L.P. All rights reserved. Used with permission.

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.