The IRS reduction on November and December salaries will provide extra gains to Portuguese taxpayers. This measure applies up to the 6th IRS bracket, which covers a large part of the salaried workers in the country.
With the application of this tax reduction, the net income of taxpayers will increase in the last two months of the year. This means that workers will receive higher amounts in their November and December pay slips.
The measure is part of a fiscal relief strategy for Portuguese families, allowing a boost in purchasing power precisely during the Christmas period, when expenses tend to be higher.
Taxpayers in the higher brackets, above the 6th, will not be covered by this specific reduction, continuing to see their salaries subject to the normal IRS rates.
