Portugal's Budget Law for 2024 (Draft Law 109/XV/2) was approved in a final vote in Parliament on 29 November 2023. The final version of the law is largely in line with the draft submitted in October 2023, with some additions and amendments. As previously reported, the main tax-related 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 deduction rate of 4.5% on a net increase in eligible...