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Certain companies in Portugal must fulfil new anti-corruption obligations. This includes adopting a compliance programme or appointing a compliance officer. Failure to comply with these requirements could result in fines. The Ecovis experts explain the details.
The Portuguese state budget includes some new tax measures. These include the exemption of income tax for young people and the gradual reduction of corporate tax for companies. The Ecovis experts explain the details of the 2025 state budget.
Throughout 2024, the Portuguese government has implemented a legal package named Simplex. It includes measures to overcome challenges related to a lack of housing and simplifying urban planning and licensing, in line with a “zero licensing” philosophy.
On 1 August 2024, exemptions were introduced to Portuguese real estate transfer tax and stamp duty for the purchase of a first permanent home by young people (foreigners or Portuguese nationals) up to the age of 35. The Ecovis experts explain the details of when exactly the tax benefits apply.