Kindly be informed that, as a result of the publication of decree-law 44/98, on March 3, 1998, the corporate tax rate applicable in Portugal was reduced from 36% to 34%.
The municipal surcharge remained unaltered, although the decrease in the corporate tax rate will lead to a decrease in the effective amount of the surcharge to be paid by corporations resident in Portugal.
Such tax rate reduction also benefits the permanent establishments of non-resident entities in Portugal.
The contents of this information is intended to provide a specific notice on the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Miguel Teixeira de Abreu; Abreu, Cardigos & Partners, Lisbon, Portugal.