The recent fiscal measures implemented in Portugal, including bonuses for pensioners and reductions in IRS (Personal Income Tax), may have a significant impact on next year's tax return. According to the analysis of these measures, many taxpayers may face a different reality when filing their income tax return.
One of the main consequences will be the reduction of IRS refunds for many taxpayers. This means that, although there have been immediate benefits, the cumulative effect may result in less money returned at the time of the annual tax settlement.
The elderly and pensioners are one of the groups most affected by these changes. Some of these taxpayers may no longer be entitled to receive IRS refunds or, in more extreme cases, may even have to pay additional amounts to the tax authorities.
This situation creates a scenario of caution for taxpayers, who should be prepared for different calculations next year. The combination of the bonuses granted and the tax reductions may result in a different final bill than many expect, requiring increased attention to personal financial planning.
