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Portugal Sets Individual Income Tax Surcharge Exemption Threshold for 2016

06 January 2016

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Approved Changes

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Portugal

As {News-2015-12-29/A/5- previously reported}, Portugal has progressively reduced the 3.5% surcharge on individual income of EUR 80,000 or less in 2016. On 30 December 2015, Law 159-D/2015, which includes the changes, was published in the Official Gazette. The law includes that the surcharge exemption threshold for 2016 is EUR 7,070. In addition, the surcharge will be abolished from 2017.