Portugal's draft Budget Law for 2023 (Draft Law 38/XV/1) was submitted in parliament on 10 October 2022.  Some of the main measures include: A reduction in the allowed offset of losses carried forward from 70% to 65% of taxable profit, but with the removal of the time limit on losses carried forward, which will apply for losses incurred from 1 January 2023 as well as losses incurred prior to 1 January 2023 if the prior time limit has not yet expired; A revised provision providing that the unlimited carry forward ceases to apply when there is a change of ownership exceeding...