IRS

IRS brackets and respective tax hikes must be updated in 2026 by at least 3.51%, according to a formula that combines productivity and inflation, published in an ordinance this Friday in the [...]

Despite warnings that Portugal risks returning to running an annual budget deficit, its Minister of Finances, Joaquim Miranda Sarmento, has two options to ensure that the government makes a [...]

The Business Roundtable Portugal association (BRP), which brings together 142 business leaders, has sent an open letter to the government calling for the scrapping of the first five IRS tax [...]

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. [...]

Portuguese residing abroad and returning to Portugal or foreigners who settle in the country, provided that they have never filed any income tax return here, will be able to benefit from the [...]

The International Monetary Fund (IMF) has warned Portugal that its policy to give tax breaks to young people, IRS Jovem, will result in considerable losses in tax revenues. The institution also [...]