On 10 July 2025, Portugal published the Judgment of the Constitutional Court No. 478/2025 in the Official Gazette, finding that the solidarity levy (surcharge) on the banking sector is unconstitutional. The levy was introduced as part of Law No. 27-A/2020 in July 2020 to finance the social security financial stabilization fund, including a rate of 0.02% on the average value of certain liabilities and a rate of 0.00005% on off-balance sheet derivatives. The Constitutional Court found that th…