The Portuguese government proposed a temporary solidarity contribution on the oil sector, with a rate of 33% for companies that show a profit increase above 20%. This measure aims to tax the extraordinary profits of energy sector companies.
The proposal covers taxation for the year 2026. The calculation of taxable profits will be made through comparison with the average of the years 2024 and 2025, thus establishing a reference base to determine excessive profit increases.
This temporary contribution is part of the context of measures adopted in various European countries to tax the extraordinary profits of energy companies, particularly after the significant increases in oil and gas prices in recent years.
