Labor & Taxes
Government's IRS tax rate proposal reaches Parliament; PS does not intend to change it
The government's proposal to reduce IRS income tax rates has been delivered to Parliament. The plan aims for cuts ranging from 0.3 to 0.5 percentage points, which the government estimates will result in tax savings of between 12 and 172 euros for taxpayers.
Why it mattersIf you are a tax resident in Portugal, this proposal sets the stage for a potential reduction in your personal income tax, as the main opposition party (PS) has signaled it will not seek to alter the government's plan.
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