Portugal’s 2027 Budget Proposal Includes Corporate Tax Reduction

On 28 October 2026, Portugal’s Parliament approved the 2027 state budget proposal at its first reading. The government plans to reduce the standard corporate income tax rate from 19% to 18%, forecasts economic growth of 2.1% and targets a budget surplus of 0.1% of GDP. The proposal still requires a final parliamentary vote scheduled for 24 November. The planned tax changes create demand for tax planning, financial forecasting and corporate advisory services. HPC can support financial institutions and businesses with scenario modelling, risk analytics and budget-planning systems.