Cost of Living
2027 State Budget: Chega wants to freeze retirement age next year
The Chega party has proposed 600 amendments to the 2027 State Budget, including a freeze on the statutory retirement age, a reduction in VAT on fuel, and new IRS tax deductions for mortgage interest and rent payments. The party proposes reverting mortgage interest deductions to pre-2011 models with a 1,200-euro limit, and increasing rent deductions to 25% of the paid value.
Why it matters
These are proposals currently under discussion; if passed, they could lower your tax burden on housing and fuel, but nothing has changed yet.ObservadorRead original ↗
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