- Portuguese Parliament accepted the 2026 state budget bill for consideration.
- Bill proposes new individual income tax brackets (12.5% to 48%) and specific corporate tax rates for plug-in hybrid cars.
- VAT Code amended to include olive oil processing services; 25% vehicle tax for certain plug-in hybrids.
- Exempts rural property transfers from IMT and stamp duty; allows PDF invoices as electronic invoices until end of 2026.
- Exempts certain inventory valuation obligations and maintains additional circulation tax for specified diesel vehicles in 2026.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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