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Prime Minister Luís Montenegro's government has announced and approved cuts to IRS (personal income tax) rates for income brackets up to the sixth level, ranging from 0.3 to 0.5 percentage points. Additionally, the government has approved bonuses of 100 to 200 euros for pensions up to 1611 euros. These measures aim to provide financial relief, with simulations showing annual savings for average earners and families.
Público:
IRS Rates Cut for Lower Brackets
IRS tax rates will be reduced by 0.3 to 0.5 percentage points for income brackets up to the sixth level, according to government plans.
Diário de Notícias:
Montenegro proposes IRS cuts and pension bonuses, rejects past 'tragedies'
Prime Minister Montenegro is set to announce tax cuts on IRS (personal income tax) and bonuses for pensions, while also stating his refusal to repeat past governmental 'tragedies'.
Observador:
Average Salary of €1,500 'Saves' €65 Annually
Calculations show that an individual earning a gross monthly salary of €1,500 will save €65 in taxes over the course of a year, with simulations provided for different scenarios.
Diário de Notícias:
Couple with two children saves 116-343 euros annually. Consult simulator with…
A family with two children can save between 116 and 343 euros per year due to new IRS tax rates. A simulator is available to help calculate these savings.
Público:
Government Approves Pension Bonuses
A bonus of 100 to 200 euros will be given to pensions up to 1611 euros as part of a government initiative.
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