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Budget Law for 2013 – Corporate income tax

|Approved Changes|Portugal
Portugal

On 31 December 2012, the president signed the 2013 Budget bill into law. The most significant corporate income tax measures are as follows:

(a) State surtax

-   Increase of the State Surtax by means of the reduction (from EUR 10 million to EUR 7.5 million) of the lower taxable profit threshold to which the 5% rate applies.

(b) Limitation on net financial expenses

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