Portuguese 'have higher salaries and are paying less IRS', says Finance Minister

Finance Minister Joaquim Miranda Sarmento stated that tax relief measures, including updates to IRS brackets in the 2027 State Budget, mean taxpayers are saving hundreds of euros per year compared to 2023. The Minister confirmed that the government intends to maintain fuel tax discounts linked to price fluctuations in 2027, rather than implementing indiscriminate price cuts.

Why it mattersIf you are a taxpayer in Portugal, you can expect some relief in your IRS withholdings next year due to the bracket updates included in the approved 2027 State Budget.

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· 17m 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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Portuguese 'have higher salaries and are paying less IRS', says Finance Minister

This update is from Bica

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CGTP calls pension supplement a "panacea"

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

Government forecasts Social Security surplus above 8.3 billion euros in 2027