Portugal's draft Budget Law for 2025 (Draft Law No. 26/XVI/1) was submitted to parliament on 10 October 2024. Some of the main measures include:
- A reduction in the standard corporate tax rate from 21% to 20%;
- A reduction to the reduced corporate tax rate for SMEs on the first EUR 50,000 of taxable income from 17% to 16%;
- An increased deduction of 120% for health insurance expenses incurred for the benefit of employees, retirees, or their families
- The revision of the personal income tax brac…