Madeira Budget Proposal for 2025 Includes Corporate and Personal Income Tax Rate Cuts

The Legislative Assembly of Portugal's Autonomous Region of Madeira is considering the budget proposal for 2025. One of the key tax measures is that the standard corporate tax rate will be set at 14%, along with a reduced rate of 11.2% on the first EUR 50,000 of taxable income for SME's. Further, a reduced rate of 8.75% will be applied on the first EUR 50,000 of taxable income for companies he…
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