The Portuguese government approved a corporate tax cut in the Council of Ministers held on July 18, 2025. General corporate income tax (IRC) rates: – 2026: 19% – 2027: 18% – 2028: 17% For SMEs and small‑mid‑cap companies: – From 2026, the tax rate on the first €50,000 of taxable income will be 15%. The measure is expected to cost approximately €200–250 million per year, though broader estimates stretch up to €1 billion over the legislative term. https://lnkd.in/dCiXTv6C
