Portugal's State Budget Law for 2020 (Law No. 2/2020) was approved by parliament and published in the Official Gazette on 31 March 2020. The main tax measures of the budget law include:
- An increase in the deduction of expenses incurred as a result of the acquisition of travel cards/passes for the benefit of employees to 130% (i.e., 30% additional deduction);
- The addition of copyrights on computer programs within the scope of the patent box regime (50% reduction of qualifying taxable IP inco…