Portugal's proposed Budget Law for 2019 was submitted to parliament on 15 October 2018. Some of the main tax-related measures include:
- The introduction of new expense deduction restrictions, including:
- This disallowance of impairment losses on bad debt between companies as a deductible expense where the companies are more than 10% directly or indirectly held by the same legal or natural person, except in certain cases where the debtor has been subject to any enforcement or insolvency proceed…