The Budget for 2012 (Law 64-B/2011), published in the Republic Gazette of 30 December 2011 and in force as of 1 January 2012 (for previous report, see Portugal-1, News 2 January 2012), was approved with amendments to its original text (for details on the original text, see Portugal-1, News 31 October 2011). The main legislative amendments on direct taxation are summarized below. For details on indirect taxation, see Portugal-2, News 16 January 2012.
Corporate taxation