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Portugal Budget Law for 2020 Approved and Published

20 April 2020

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Approved Changes

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Portugal

Portugal's State Budget Law for 2020 (Law No. 2/2020) was approved by parliament and published in the Official Gazette on 31 March 2020. The main tax measures of the budget law include: An increase in the deduction of expenses incurred as a result of the acquisition of travel cards/passes for the benefit of employees to 130% (i.e., 30% additional deduction); The addition of copyrights on computer programs within the scope of the patent box regime (50% reduction of qualifying taxable IP income) An adjustment of the coefficients for the tax base determination under the simplified regime with respect to income...