Portugal approves global minimum tax of 15% for multinationals! Portugal approves a global minimum tax of 15% for multinationals! This measure comes in response to the need for greater fiscal equity among companies, especially large corporations. By adopting this new tax rate, the country aligns itself with the OECD and G20 guidelines, which aim to standardize multinational taxation on a global scale.

What does this measure mean?

Recently approved by the government, the 15% minimum tax applies to multinational companies operating in Portugal with annual revenues exceeding 750 million euros. In other words, large corporations, which often avoid paying taxes in different jurisdictions, will now have to comply with this new fiscal obligation. If the tax paid in the company's home country is less than 15%, Portugal will charge the difference to meet the minimum rate.

With this measure, the government seeks to promote greater fiscal fairness. According to the Minister of the Presidency, António Leitão Amaro, "multinationals operating in Portugal will pay at least 15% corporate tax, which represents a form of social equity." In other words, large companies will now contribute more fairly to Portugal's tax system.

Impact on the Portuguese tax system

This tax is not just an adjustment to corporate tax rules but rather a complement to the existing regime. The main goal is to ensure that multinationals, which can shift profits across different countries, do not escape fair taxation.

In terms of financial impact, the estimate for Portugal is significant. According to studies by the European Union, this measure could generate an additional 100 million euros per year for the public treasury. Additionally, it is expected to affect around 3,000 companies operating in the country, strengthening Portugal’s fiscal competitiveness within the European context.

The role of Serro & Andrade

At Serro & Andrade, we closely monitor changes in the tax system and are ready to help companies comply with these new requirements. With an experienced team in consulting and accounting, we assist our clients in adapting to new tax realities, such as the 15% minimum tax for multinationals.

If your company is affected by these new rules or if you want to understand how this measure could impact your operations, contact us. We offer specialized consulting to ensure your fiscal obligations are met efficiently and securely.