Portugal's draft Budget Law for 2024 (Draft Law 109/XV/2) was submitted to parliament on 10 October 2022. Some of the main measures include:

• The introduction of a reduced corporate tax rate of 12.5% for eligible innovative start-ups, on the first 50,000 EUR of taxable income;
• The amendment of the tax incentive for the capitalization of companies, which includes a change from the fixed deductio…