Follow Portugal Immigration to keep an eye on the Portuguese economy: The Portuguese government promised on Friday that the country will gradually reduce the corporate tax rate starting in early 2014 as part of its fiscal reform to stimulate investment.
The Portuguese Ministry of Finance indicated that under the aforementioned tax reform plan, the tax rate in Portugal will decrease from the current 25% to 19% in the medium term. Several officials stated that the tax reform proposal will be announced next week, followed by discussions with business and civil society groups. This proposal provides a detailed outlook on the reduction of the corporate tax rate over the next five years.
