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The Portuguese Parliament has approved a bill that provides for a reduction in the tax base for capital gains on securities

The Portuguese Parliament has approved a bill that provides for a reduction in the tax base for capital gains on securities

The bill was developed in opposition to the government’s plans to carry out tax reform.

In the near future, changes in legislation should be implemented, according to which the benefit for reducing the tax base will be: 10% – if income is received from assets owned for 2 to 5 years; 20% – if income is received from assets owned for 5 to 8 years; 30% – if income is received from assets owned for at least 8 years.

The adopted bill offers a number of tax benefits for small and medium-sized businesses for listing on the stock exchange.

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