Salaries

Company bosses will have to fork out an extra €866 per annum for each employee because the minimum wage has gone up from €870 to €920 per month starting from January 1. The wage increase adds an [...]

A new IRS cut proposed by the Government will result in annual savings that could exceed €400 compared to the current tax brackets. Proposed reductions range from 0.4 percentage points (pp) to [...]

Multinationals in Portugal pay salaries 61% higher than other companies with productivity 57% greater Productivity and average wages are higher in multinationals operating in Portugal compared to [...]

“Portugal has “shockingly high poverty levels” Text & Photos: Chris Graeme Portugal’s Minister of Employment and Social Security, Maria do Rosário Palma Ramalho has said that making the [...]

The new leader of the PS socialist party, Pedro Nuno Santos has pledged to raise the national minimum salary to €1,000 per month by 2028 if his party wins the general election on March 10. [...]

Portugal’s largest increase in the national minimum wage, rising from €760 to €820 per month will cost companies an extra €1,000 per employee per annum. It will also mean an additional €60 on [...]

In what Portugal’s Prime Minister António Costa called the highest increase in Portugal’s budgetary history, the government will raise the minimum wage to €820 from January. The move adds an [...]

Portugal’s Business Confederation (CIP) is prepared to negotiate a Social Pact with unions that could include an increase in salaries of 4.8% for employees. The president of CIP, Armindo Monteiro [...]

The president of the Confederation of Portuguese Business (CIP) has slammed the government’s call to increase salaries-to-GDP from 45% to 48% over the next four years. The magic number of 48% is [...]

The president of the Portuguese Industrial Confederation (CIP), António Saraiva, says that an agreement on competitiveness and incomes is urgent and should be agreed by June. “In my view it is [...]