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2021 State Budget: Government moves to increase take-home pay

11 Wednesday Nov 2020

Posted by Ursula in Briefs

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2021, budget, lower, withholding

Finanças will lower IRS withholding to increase disposable income for workers in 2021. These measures should reach 2 million Portuguese taxpayers. However, tax authorities plan to settle accounts in the following year. Also, unemployment benefits will rise €60 for those earning the minimum wage.

State Budget 2017:  IRS bill to be lower

08 Tuesday Nov 2016

Posted by Ursula in Posts

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2017, income tax, irs, lower, state budget, surcharge

The proposed reduction in the “IRS” surcharge will result in a lowering total personal income tax due by taxpayers in 2017. The State Budget recommends that withholding of this supplementary tax be eliminated in stages.

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