Portugal has published Law no. 64/2025 of 7 November 2025 in the Official Gazette, which provides for a reduction in the standard corporate income tax rate from 20% to 17% with effect from 1 January 2028 and future years, with a transitional reduction to 19% in 2026 and 18% in 2027. Further, the law provides for a reduction in the corporate income tax rate to 15% on the first EUR 50,000 of taxable income of SMEs directly and principally carrying out an economic activity of an agricultural, c…