2017 State Budget: Costa assures no increase in tax burden on businesses

  • ECO News
  • 9 October 2016

The Portuguese prime minister says he is not anticipating any type of increase regarding taxation for businesses in the 2017 State Budget.

epa05577909 Portuguese Prime Minister Antonio Costa (L) waves as he attends a signing ceremony with Chinese Premier Li Keqiang (R) at the Great Hall of the People in Beijing, China, 09 October 2016. EPA/NAOHIKO HATTA / POOL
Portuguese prime minister Antonio Costa (L) waves as he attends a signing ceremony with Chinese Premier Li Keqiang (R) at the Great Hall of the People in Beijing, China, 09 October 2016. EPA/NAOHIKO HATTA / POOL

The prime minister assured today he is not anticipating any type of rise in taxation for companies for the upcoming year and argued his Government aims at a stable taxation framework and tax competitiveness.

This assurance of António Costa came forward in the press conference held with the Chinese prime minister Li Keqiang, following the countries’ signature of eight agreements in economic and cultural areas.

There has not been any increase in tax burden, nor is it scheduled any type of rise in the taxation of companies.

António Costa, prime minister

As a reaction to Costa, Li Keqiang stated: “Hearing from the Portuguese prime minister there will be no rise in tax burden is good news for Chinese companies”.