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Update - Madeira 2024 Budget Includes Withholding Tax Reduction

|Approved Changes|Portugal
Portugal

As previously reported, Portugal has published Regional Legislative Decree No. 6/2024/M of 29 July 2024, which approved the Budget of the Autonomous Region of Madeira for 2024. Further to the measures reported earlier, certain amendments are made regarding withholding tax for personal income tax and corporate income tax purposes. The amendments provide that the applicable withholding tax rates…

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