Tax

Changes aimed at simplifying and reducing Portugal’s notoriously complicated tax regime came into force on Tuesday, July 1. The changes, which were published in the Republic’s circular, affect [...]

If a proposal handed to parliament by the Portuguese government to reduce IRS taxes is passed, taxpayers can expect to see an increase of between €2 and €15 net monthly in their wage packets from [...]

A tax cut that will benefit tax payers in the 7th and 8th tax brackets, earning between €3,500 and €7,000 gross per month, and will provide a double benefit, should be introduced in September. [...]

The government’s plan to reduce IRS by €500 million this year will give a double bonus on salaries between €3,500 and €7,000 gross per month. This would be in the case of a single childless [...]

The newly re-elected Democratic Alliance (AD) government headed by Luís Montenegro is to shave €500 million off income tax this year while slashing IRC taxes gradually from 21% (20% in Madeira) [...]

Portugal’s tax revenue increased by 11% up to April, to €17.4Bn, driven by VAT and IRS, according to budget execution data released today by the Directorate-General for the Budget (DGO). “In [...]

The Bank of Portugal has warned that reducing taxes through VAT cuts is not the best or only way to foster wealth redistribution in society and that other tax measures need to be included in the [...]

Portugal’s revamped Non-Habitual Residents (NHR) regime has posted a record in tax expenditure, representing more than 66% of IRS tax benefits. The transitional regime led to a rush of [...]

Text: Chris Graeme Photo: Fernando Bento (ICPT) Low productivity is one of the main stumbling blocks to economic growth in Portugal according to Portugal’s Minister of Finances, Joaquim Miranda [...]

Portugal’s Minister of Finances in the current caretaker government, Joaquim Miranda Sarmento, says there is room for “ambitious IRS tax cuts” if it wins the forthcoming general election on May [...]