diff --git a/jal/data_export/tax_reports/portugal.json b/jal/data_export/tax_reports/portugal.json
index 30521bb0..addf5311 100644
--- a/jal/data_export/tax_reports/portugal.json
+++ b/jal/data_export/tax_reports/portugal.json
@@ -1,57 +1,8 @@
 {
   "2022": {
-    "tax_treaty": ["ad", "ae","ao","at","bb", "be", "bg","bh", "br", "ca", "ch", "ci", "cl", "co", "cn", "cv", "cu", "cy", "cz", "de", "dk", "dz", "ee", "es", "et", "fr", "gb", "ge", "gr", "gw", "hk", "hr", "hu", "id", "ie", "il", "in", "is", "it", "jp", "ke", "kr", "kw", "lv", "lt", "lu", "ma", "md", "me", "mo", "mt", "mx", "mz", "nl", "no", "om", "pa", "pe", "pk", "pl", "qa", "ro", "ru", "sa", "se", "sg", "si", "sk", "sm", "sn", "st", "tl", "tn", "tr", "ua", "us", "uy", "ve", "vn", "za"],
-    "currency_devaluation": {
-      "2000": 1.44,
-      "2001": 1.35,
-      "2002": 1.30,
-      "2003": 1.26,
-      "2004": 1.24,
-      "2005": 1.21,
-      "2006": 1.17,
-      "2007": 1.15,
-      "2008": 1.11,
-      "2009": 1.13,
-      "2010": 1.11,
-      "2011": 1.07,
-      "2012": 1.04,
-      "2013": 1.04,
-      "2014": 1.04,
-      "2015": 1.04,
-      "2016": 1.03,
-      "2017": 1.02,
-      "2018": 1.01,
-      "2019": 1.01,
-      "2020": 1.01,
-      "2021": 1.00
-    }
+    "tax_treaty": ["ad", "ae","ao","at","bb", "be", "bg","bh", "br", "ca", "ch", "ci", "cl", "co", "cn", "cv", "cu", "cy", "cz", "de", "dk", "dz", "ee", "es", "et", "fr", "gb", "ge", "gr", "gw", "hk", "hr", "hu", "id", "ie", "il", "in", "is", "it", "jp", "ke", "kr", "kw", "lv", "lt", "lu", "ma", "md", "me", "mo", "mt", "mx", "mz", "nl", "no", "om", "pa", "pe", "pk", "pl", "qa", "ro", "ru", "sa", "se", "sg", "si", "sk", "sm", "sn", "st", "tl", "tn", "tr", "ua", "us", "uy", "ve", "vn", "za"]
   },
   "2023": {
-    "tax_treaty": ["ad", "ae","ao","at","bb", "be", "bg","bh", "br", "ca", "ch", "ci", "cl", "co", "cn", "cv", "cu", "cy", "cz", "de", "dk", "dz", "ee", "es", "et", "fr", "gb", "ge", "gr", "gw", "hk", "hr", "hu", "id", "ie", "il", "in", "is", "it", "jp", "ke", "kr", "kw", "lv", "lt", "lu", "ma", "md", "me", "mo", "mt", "mx", "mz", "nl", "no", "om", "pa", "pe", "pk", "pl", "qa", "ro", "ru", "sa", "se", "sg", "si", "sk", "sm", "sn", "st", "tl", "tn", "tr", "ua", "us", "uy", "ve", "vn", "za"],
-    "currency_devaluation": {
-      "2000": 1.56,
-      "2001": 1.46,
-      "2002": 1.40,
-      "2003": 1.36,
-      "2004": 1.34,
-      "2005": 1.31,
-      "2006": 1.26,
-      "2007": 1.24,
-      "2008": 1.20,
-      "2009": 1.22,
-      "2010": 1.20,
-      "2011": 1.16,
-      "2012": 1.12,
-      "2013": 1.12,
-      "2014": 1.12,
-      "2015": 1.12,
-      "2016": 1.11,
-      "2017": 1.10,
-      "2018": 1.09,
-      "2019": 1.09,
-      "2020": 1.09,
-      "2021": 1.08,
-      "2022": 1.00
-    }
+    "tax_treaty": ["ad", "ae","ao","at","bb", "be", "bg","bh", "br", "ca", "ch", "ci", "cl", "co", "cn", "cv", "cu", "cy", "cz", "de", "dk", "dz", "ee", "es", "et", "fr", "gb", "ge", "gr", "gw", "hk", "hr", "hu", "id", "ie", "il", "in", "is", "it", "jp", "ke", "kr", "kw", "lv", "lt", "lu", "ma", "md", "me", "mo", "mt", "mx", "mz", "nl", "no", "om", "pa", "pe", "pk", "pl", "qa", "ro", "ru", "sa", "se", "sg", "si", "sk", "sm", "sn", "st", "tl", "tn", "tr", "ua", "us", "uy", "ve", "vn", "za"]
   }
 }
\ No newline at end of file
diff --git a/jal/data_export/tax_reports/portugal.py b/jal/data_export/tax_reports/portugal.py
index 09b210f1..d05ae1e8 100644
--- a/jal/data_export/tax_reports/portugal.py
+++ b/jal/data_export/tax_reports/portugal.py
@@ -1,5 +1,4 @@
 from decimal import Decimal
-from datetime import datetime, timezone
 from jal.constants import PredefinedAsset, PredefinedCategory
 from jal.db.operations import AssetPayment, CorporateAction
 from jal.data_export.taxes import TaxReport
@@ -49,15 +48,6 @@ def prepare_dividends(self):
         self.insert_totals(dividends_report, ["amount", "amount_eur", "tax", "tax_eur"])
         return dividends_report
 
-    def inflation(self, timestamp: int) -> Decimal:
-        year = datetime.fromtimestamp(timestamp, tz=timezone.utc).strftime('%Y')
-        inflation_coefficients = self._parameters['currency_devaluation']
-        try:
-            coefficient = Decimal(inflation_coefficients[year])
-        except KeyError:
-            coefficient = Decimal('1')
-        return coefficient
-
 # ----------------------------------------------------------------------------------------------------------------------
     def prepare_stocks_and_etf(self):
         deals_report = []
@@ -72,10 +62,6 @@ def prepare_stocks_and_etf(self):
             if trade.qty() >= Decimal('0'):  # Long trade
                 value_realization = round(trade.close_amount(no_settlement=ns), 2)
                 value_acquisition = round(trade.open_amount(no_settlement=ns), 2)
-                inflation = self.inflation(trade.open_operation().settlement())
-                if inflation != Decimal('1'):
-                    value_acquisition = value_acquisition * inflation
-                    note = f"Acquisition inflation coefficient {inflation:.2f} for year {datetime.fromtimestamp(trade.open_operation().settlement(), tz=timezone.utc).strftime('%Y')}\n"
             else:  # Short trade
                 value_realization = round(trade.open_amount(no_settlement=ns), 2)
                 value_acquisition = round(trade.close_amount(no_settlement=ns), 2)