Portugal has published Law No. 71/2018 of 31 December 2018, which includes the Budget measures for 2019 and entered into force on 1 January 2019. The main tax-related measures are summarized as follows:

• The introduction of new expense deduction restrictions, including:
  • The disallowance of impairment losses on bad debts between companies as a deductible expense where the companies are more tha…