## [Portugal: Update of the monetary devaluation coefficients for 2024](/pt/en_GB/new/portugal-update-monetary-devaluation-coefficients-2024)
# Portugal: Update of the monetary devaluation coefficients for 2024
Portugal - 11 / 11 / 2024
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**The monetary devaluation coefficients applicable to assets and rights disposed of in 2024 have been published for the calculation of corresponding capital gains.**
The annually update of the monetary devaluation indexes was approved by [Ordinance no. 288/2024/1, of 7 November](https://diariodarepublica.pt/dr/detalhe/portaria/288-2024-895836369), regarding the indexes to be applicable to the goods and rights transferred during 2024, whose value should be updated in accordance with articles 47 of the CIT Code and 50 of the PIT Code, for the purpose of determining the tax base of the referred taxes regarding capital gains.
The monetary devaluation indexes update takes into consideration the variation of the data published by National Statistics Institute (INE) regarding the Consumer Price Index (excluding housing).
[Portugal](/pt/en_GB/tags/portugal), [Tax](/pt/en_GB/tags/tax)
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