In January, tax revenues in Portugal totaled €4.31 billion, up 2% year on year, according to the state budget execution report. The increase was largely driven by higher value-added tax (VAT) receipts. However, the overall gain was partly offset by a decline in corporate income tax revenues. As a result, the early-year growth in tax income was primarily supported by indirect taxation, while corporate tax collections showed signs of weakening. Material taken from https://t.me/s/pronews_portugal