The prime minister announced this Tuesday an income tax cut that will translate into a discount of 60 to 120 euros for the majority of Portuguese. The measure represents a reduction in personal income tax.
Economist Filipe Grilo was consulted to explain the impact of this change on the taxation of Portuguese taxpayers. His analysis seeks to clarify what this change means in practice for taxpayers' wallets.
The income tax cut emerges as one of the economic measures announced by the government, intending to lighten the fiscal burden on workers. This reduction applies to the majority of taxpayers in Portugal.
