Currency Depreciation Coefficients for 2025

In accordance with Ordinance No. 382/2025/1, issued on November 11, 2025, pursuant to Article 47 of the Corporate Income Tax Code (IRC), approved by Decree-Law No. 442-B/88 of November 30, and Article 50 of the Personal Income Tax Code (IRS), the currency depreciation coefficients applicable to assets and rights disposed of during 2025 have been updated.

These coefficients are used for the monetary correction of the acquisition values of certain assets and rights for tax purposes, in compliance with the IRC and IRS provisions.

This annual update ensures that the taxable values of assets and rights are appropriately adjusted to reflect currency depreciation and inflation, for the purposes of determining the taxable base of the respective taxes.

The updated coefficients are set out in the table below:

ATTACHEMENT

Table showing the updated currency devaluation coefficients referred to in Article 47 of the Corporate Income Tax Code and Article 50 of the Personal Income Tax Code

For any further assistance, feel free to reach out to our team at info@afm.tax.

You can access the Currency Depreciation Coefficients for 2025 via this link: Portaria n.º 382/2025/1 | DR