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Portugal's Solidarity Bank Levy is Unconstitutional

|Approved Changes|Portugal
Portugal

On 10 July 2025, Portugal published the Judgment of the Constitutional Court No. 478/2025 in the Official Gazette, finding that the solidarity levy (surcharge) on the banking sector is unconstitutional. The levy was introduced as part of Law No. 27-A/2020 in July 2020 to finance the social security financial stabilization fund, including a rate of 0.02% on the average value of certain liabili…

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