Portugal's Council of Ministers approved a tax program on 4 July 2024 that contains 60 measures meant to accelerate the economy. Some of the main measures include:

• A gradual reduction in the 21% corporate tax rate to 19% in 2025, 17% in 2026, and 15% from 2027, along with a reduction in the 17% rate for SMEs to 12.5% over the same period;
• The implementation of the Pillar 2 global minimum tax…