2027 State Budget: IRS tax brackets updated by 3.88%

The government's proposed 2027 State Budget includes a 3.88% update to the nine IRS tax brackets and the minimum subsistence income level. The tax rates remain consistent with the government's previous 2026 IRS tax cut proposal, which is still awaiting parliamentary approval.

Why it mattersIf you earn income subject to Portuguese tax, this update will adjust the income thresholds for your tax brackets in 2027, potentially influencing the amount of tax you owe.

Correio da Manhã· 8h agoRead original ↗

CGTP calls pension supplement a "panacea"

The government has published Decree-Law no. 201/2026, which grants an extraordinary, one-time pension supplement to be paid in December. Beneficiaries are retirees (invalidity, old age, and survival) whose total monthly pension income is equal to or less than three times the Social Support Index (IAS), which equals 1,611.39 euros; the payment ranges from 100 to 200 euros and is exempt from IRS withholding tax.

Observador· 29m agoRead original ↗

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Labor & Taxes

Portuguese citizens' income to see changes if 2027 State Budget is approved

The 2027 State Budget proposal includes a 50-euro monthly increase for pensioners in 2027, with pension updates potentially extending through 2029. These measures are contingent upon the approval of the budget by parliament.

RTP· 1h agoRead original ↗

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2027 State Budget: IRS tax brackets updated by 3.88%

This update is from Bica

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