Government: Taxation news in Portugal

Government promised tax on extraordinary profits, Bloco wants to know why it has not been implemented

A Left Bloc MP is requesting a date for the assessment of the legislative proposal and wants clarification on how the Government intends to proceed regarding profits already earned following a potential end to the war.

Sugar tax revenue no longer earmarked for the NHS

The tax on sugary drinks has generated over 500 million euros in the nine years since its inception. As of this year, it is no longer earmarked for the National Health Service (SNS), reports Público this Monday, June 1st. The 2026 State Budget dictates that revenue from the tax on drinks with added sugar or sweeteners (IABA) will no longer be directed specifically to the SNS, the purpose for which it was created in 2017. Although the change was not discussed in Parliament, the funds will now go into general tax revenue, starting in 2026. PROBEB warns that the soft drink tax causes losses of 1.45 billion euros to the economy.

“We must not talk about fuel shortages in Portugal, under any circumstances”

The government official states that there is no reason to discuss potential fuel supply issues in the country.

Now Canal31 May

Tax rises and limits the drop in fuel prices

Anticipating a sharp drop in fuel prices, the Government increased the petroleum tax by almost 2 cents per litre. With the effect of VAT, the final price reduction is expected to be limited to less than 10 cents.

Paulo Pedroso: “We could have a tax on AI chips that would revert to Social Security”

Former government official and socialist leader considers a new taxation of work models at EU or G7 scale inevitable. He criticises Minister Palma Ramalho and spares Minister Paulo Rangel.

Cheganismo is socialism

Cheganismo: socialism with more decibels and less shame about spending other people's money.

The State-taxpayer relationship: what drives the Portuguese to do it

A reflection on the fiscal relationship between the State and the taxpayer, international competitiveness, and the emigration of qualified Portuguese citizens.

VAT increase for catering. "It is a lack of respect"

Jorge Pisco, president of the Confederation of Micro, Small and Medium Enterprises, says that reintroducing the 23% tax rate for the catering sector will destroy it and criticises the support measures for companies.

Taxing extraordinary profits, but regarding fuel...

Energy companies, like any other business, need predictability, especially in a highly capital-intensive sector.

PRO.VAR challenges parties to harmonise VAT between the hotel and restaurant sectors

The association considers the way the debate on restaurant VAT is being conducted again in Portugal to be “deeply worrying and incomprehensible.”

Minister of Labour says proposal is almost finalised

JN: Maria do Rosário da Palma Ramalho says the 'Government's reformist will cannot be hindered by the UGT'. DN: The Azores Government wants more troops from the USA and other NATO countries.

Climate Commissioner understands discomfort with “exorbitant profits” of energy companies

The European Commissioner for Climate, Wopke Hoekstra, visiting Lisbon, acknowledged public discomfort regarding the “exorbitant profits” of energy firms but reaffirmed that implementing windfall taxes should remain a national government decision rather than a Brussels-led initiative. Hoekstra emphasized that while the European Commission is reviewing a request from five member states to address these profits, legal and coordination challenges make national-level implementation more viable. He also stressed that Europe must reduce its energy dependency by increasing domestic production through solar, wind, geothermal, and nuclear investments to ensure national and European security.

Wake for the Constitution

There are countless examples of the daily violation of the Constitution.

"We must cherish Galp": Álvaro Beleza questions the taxation of extraordinary profits

The CNN Portugal commentator expresses doubts regarding the taxation of extraordinary profits for the largest companies in the energy sector, namely Galp, a company he considers “strategic” for Portugal.

Tax on extraordinary profits. Government moves forward with proposal in Parliament

The Government will move forward with a proposal to tax the excess profits of energy companies.

Portugal readies draft bill to impose windfall tax on energy companies

Reuters5 May

Portugal to Push for Windfall Tax Amid Energy Price Surge

Devdiscourse5 May

3 PM: Government to proceed with taxes on extraordinary profits of energy companies

The government is set to implement a tax on the windfall profits generated by energy firms.

Eurogroup President supports national taxes on windfall profits of energy companies

The Eurogroup President stated on Tuesday, the 5th, that he supports taxes on the windfall profits of energy companies, but only at a national level, as Portugal intends to do, citing different sensitivities regarding supply chains at the European level. Finance Minister Joaquim Miranda Sarmento confirmed that Portugal will proceed with these taxes, similar to measures taken during the 2022 energy crisis, while the European Commission has indicated that such decisions remain the sovereign right of member states.

Miranda Sarmento says he will apply taxes on extraordinary profits of energy companies

The Minister of Finance said today in Brussels that Portugal will move forward with taxes on the extraordinary profits of energy companies, similar to what happened in 2022 during the previous fuel price crisis.

Miranda Sarmento says he will apply taxes on extraordinary profits of energy companies

The measure is similar to the one from 2022 during the previous fuel price crisis.

Montenegro says the Government will continue the "virtuous strategy" of reducing taxes on salaries

Luís Montenegro also mentioned that deputies often confuse “tax revenue with tax burden”.

Taxation as a sentence of mediocrity

Taxation is not a mere exercise in budgetary arithmetic or a tool for financing the state apparatus; it constitutes the most powerful signal of incentives in an economy and the ultimate determinant of its social architecture. In a world where financial capital and, crucially, human talent enjoy unprecedented mobility, the...

Government takes advantage of diesel price drop to increase ISP

The government is raising the tax on petroleum products (ISP) following a decrease in diesel prices.

Government reduces fuel tax discount again

For the second consecutive week, the Government has decided to take advantage of the drop in diesel prices to adjust the discount amount. For petrol, the tax rate on petroleum products (ISP) remains unchanged.