Legal Alert: The latest IRS changes and tax benefits in Portugal

On 28 June 2024, Law 31/2024 was published, introducing significant changes to the IRS Code, the Stamp Duty Code and the Tax Benefits Statute (EBF). The main aim of this new legislation is to energise the capital market in Portugal, making the country more attractive to domestic and foreign investors. The changes now introduced offer competitive advantages, especially regarding the taxation of capital gains, reinvestment and the clarification of rules applicable to income obtained by non-resident entities.

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