Portugal's draft Budget Law for 2025 (Draft Law No. 26/XVI/1) was submitted to parliament on 10 October 2024. Some of the main measures include: A reduction in the standard corporate tax rate from 21% to 20%; A reduction to the reduced corporate tax rate for SMEs on the first EUR 50,000 of taxable income from 17% to 16%; An increased deduction of 120% for health insurance expenses incurred for the benefit of employees, retirees, or their families The revision of the personal income tax brackets/rates as follows: up to EUR 8,059 - 13.00% over EUR 8,059 up to 12,160 -...