Government Says 2027 Brings Further Reduction of the IRS Due to Changes in the Scales and Specific Deduction
6 Articles
6 Articles
Government presents state budget proposal this Thursday afternoon. Miranda Sarmento said, in Parliament, that the sixth reduction of IRS since 2023 (accounts for a reduction still made by the PS) will go through the updating of scales, the specific deduction and the minimum of existence, thus accumulating a tax dishonour of €2.4 billion
Joaquim Miranda Sarmento states that it is the sixth deduction of the IRS since AD governs. Banco de Portugal still presents more optimistic forecasts for the performance of the Portuguese economy this year.
The value of the reduction already discussed is close to EUR 3 billion by October 2029.
Joaquim Miranda Sarmento said that with the state budget that the executive will present, there will be the sixth tax relief since the PSD and CDS-PP are in government.
The Minister of Finance announced that the State Budget for 2027 will bring a further reduction of the IRS, with updates in the scales, in the specific deduction and at least in existence.
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