OrbitaxPortuguese Parliamentary Committee Approves Revised Personal Income Tax Brackets/Rates
|Proposed Changes|Portugal
On 5 June 2024, the Budget, Finance, and Public Administration Committee of the Portuguese Parliament approved a proposal for the revision of the personal income tax bracket thresholds and rates as follows, including adjustments in the upper bracket thresholds and reductions in the first six rates:
- up to EUR 7,703 – 13.00% (down from 13.25%)
- over EUR 7,703 up to 11,623 – 16.50% (down from 18.…
