WONE Global's guide to Portugal records these changes under tax and reporting. Each statement below has been checked against the source it links to.
Law 64/2025 reduces the general IRC rate to 19 percent for tax periods beginning on or after 1 January 2026, 18 percent from 1 January 2027 and 17 percent from 1 January 2028.
The 2027 and 2028 rates are legislated but not yet in force at the date of research.
PwC Worldwide Tax Summaries · Portugal - Corporate - Significant developments ↗ Checked against a secondary source · Not yet professionally reviewed · checked 19 October 2026
A flat corporate income tax (IRC) rate of 19 percent applies to companies resident in mainland Portugal, with a reduced 15 percent rate on the first EUR 50,000 of taxable income for SMEs and small mid-caps.
Mainland Portugal; the standard rate is 13 percent and the SME rate 10.5 percent in Madeira and the Azores.
PwC Worldwide Tax Summaries · Portugal - Corporate - Taxes on corporate income ↗ Checked against a secondary source · Not yet professionally reviewed · checked 19 October 2026
This is a summary of the rule as published, not advice on how it applies to you. The WONE Global Partner for this service in Portugal can advise on that.
