Tax cuts

Portugal’s State Budget for 2026 will introduce a number of changes in taxes approved by parliament and coming into force from January, 2026. First off, IRC tax has fallen by 1% to 19%. It had [...]

Portugal’s Finances minister Joaquim Miranda Sarmento pledged a 3.6% increase for employees when he unveiled the government’s outline State Budget for 2026 on Thursday. And the minister pledged a [...]

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 [...]

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 [...]

Portugal’s government has approved reducing VAT on construction to 6% and the creation of Build to Rent contracts with tax benefits. However, the government will put up property transfer tax or [...]

Changes aimed at simplifying and reducing Portugal’s notoriously complicated tax regime came into force on Tuesday, July 1. The changes, which were published in the Republic’s circular, affect [...]

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. [...]

The government’s plan to reduce IRS by €500 million this year will give a double bonus on salaries between €3,500 and €7,000 gross per month. This would be in the case of a single childless [...]