All news
Politics
Business
Technology
Incidents
Sports
Weather
Science
Entertainment
World
Real Estate
AI News
The Tax Authority pays 2.660 million euros in income tax refunds. Average value is 980 euros
Business
Инвестиции

The Tax Authority pays 2.660 million euros in income tax refunds. Average value is 980 euros

SAPO Notícias3 September 2026 at 15:55

The Portuguese Tax Authority proceeded with the payment of 2.660 million euros in income tax refunds to taxpayers. This amount represents a significant milestone in the personal income tax settlement campaign.

The average amount of each refund stood at 980 euros, which gives an indication of the typical value that Portuguese taxpayers received back after the annual tax settlement.

Compared to the previous campaign, there was an increase of 92,128 in the number of declarations that resulted in a refund. This growth in the number of refunds reflects greater tax compliance or changes in the tax situations of taxpayers.

The data shows that a substantial portion of Portuguese taxpayers ended the income tax settlement process with the right to receive money from the State, highlighting the importance of this fiscal mechanism for families.

Related articles

União Europeia sem risco imediato de abastecimento de gás apesar de reservas baixasPhoto by Marta Branco on Pexels
Business

European Union without immediate risk of gas supply despite low reserves

The European Commission announced that, although EU gas storage levels are below those recorded in previous years, there is no immediate risk to energy supply security. The Gas Coordination Group's assessment indicates that the EU is more prepared than in 2021 and 2022, thanks to the diversification of supply sources, increased LNG import capacity and reduced demand. However, instability in the Middle East keeps Qatar's LNG production suspended, and heat waves in Europe increased gas demand for electricity production, causing price volatility. Portugal stands out with 93.08% of reserves full, one of the highest rates in the EU. A new group meeting is scheduled for September 24.

Jornal Económico04/09/26, 00:26
O PRR e o seu escrutínioPhoto by off leko on Pexels
Business

The PRR and its scrutiny

Portugal completed the Recovery and Resilience Plan (PRR) with the Government's guarantee that it fulfilled 100% of the milestones and targets agreed with Brussels, securing €16.3 billion in grants and planning to execute around €5.6 billion in loans. The article highlights that although financial execution is a positive result in a country with historical difficulties in applying European funds, administratively fulfilling a plan does not equate to economically transforming the country. It points to the need for independent assessment of the real impact of the €21.9 billion investment on productivity, competitiveness and growth capacity, warning that the Bank of Portugal anticipates an economic slowdown after the PRR boost and that the European Court of Auditors identified transparency limitations. The article argues that the end of the PRR must mark the beginning of rigorous scrutiny of concrete results.

Jornal Económico04/09/26, 00:18
Dívidas soberanas em alvoroçoPhoto by Nascimento Vieira on Pexels
Business

Sovereign debt in turmoil

The conflict in the Middle East is driving a new escalation in oil prices, approaching 100 dollars, which is fueling inflationary pressures and anticipates further interest rate hikes in September by the ECB and the Fed. Sovereign bond yields have surged in the Eurozone, the United Kingdom, and Japan, reaching 15-year highs, with massive bond sales by investors. Portugal, although not an exception and having seen debt yields rise to their highest level in a decade, is considered by the DBRS rating agency as one of the least affected countries, protected by positive economic dynamics, no longer belonging to the former PIIGS risk group. Now it is other countries, such as the United Kingdom, Italy, and France (BIF), that are facing market pressure, in a context of fear of global stagflation.

Jornal Económico04/09/26, 00:16
A inflação de invernoPhoto by Daniel Dan on Pexels
Business

Winter inflation

Several signs suggest that inflation could remain elevated during the winter in the Eurozone, with year-on-year inflation reaching 3.3% in August, the highest value in three years, driven mainly by energy prices. Fuel prices remain high, natural gas is trading at three-year highs and strategic reserves are historically low, which could cause difficulties if winter is harsh. In food, the El Niño phenomenon and the closure of Black Sea ports are raising fears of a new price surge. The possibility of more aggressive policies from Donald Trump in the second half of his term also contributes to the uncertainty scenario, potentially influencing wage negotiations for 2027 and transforming supply shocks into more structural inflation.

Jornal Económico04/09/26, 00:12