Portugal has published Regional Legislative Decree No. 14/2022/M of 27 July 2022, which entered into force on 28 July 2022 and amends the Budget of the Autonomous Region of Madeira. The main amendment concerns the reduced corporate tax rate allowed for SMEs primarily carrying out agricultural, commercial, industrial, or service activities in autonomous regions. Previously set to 11.9% on the first EUR 25,000 of qualifying taxable income as part of the Budget for 2021, the rate has now been r…