The Portuguese government will implement again support measures for taxpayers at the end of the year, consisting of bonuses on pensions and IRS cuts. This strategy has been repeated in previous years.
The reduction of IRS rates will be applied up to the sixth bracket of the tax, thus covering a significant portion of taxpayers. The model for bonuses on pensions should follow the pattern of previous years.
The budgetary impact of these measures is estimated at 800 million euros, a value that represents the cost to Portuguese public finances with the implementation of these income support policies.
These measures arise in a context of government fiscal policies aimed at alleviating the tax burden on taxpayers and supporting pensioners, especially during the Christmas period.
