Following the social consultation meeting, attended by the Finance Minister, the president of CIP stated that the confederation will present a document with contributions for the OE2026, as part of the “mission unit established in March.” Among the various measures, they intend to propose the creation of a “special regime for microenterprises to simplify taxation procedures.”
“We’re not suggesting an exemption; rather, we are proposing to simplify taxation procedures,” insisted Armindo Monteiro, noting that “the bulk of corporate tax is paid by small, medium, and large companies,” and that “microenterprises, in terms of corporate tax, generate very little revenue and also contribute very little.”
The president of the Portuguese Farmers Confederation (CAP) indicated a proposal to implement a measure from the salary appreciation agreement signed last October and included in the Government’s program, ensuring “tax exemption on community funds” and two other measures to address labor shortages in companies.
In this context, CAP seeks a tax and Social Security exemption on overtime, up to a limit of 200 hours annually, to provide “much greater incentive” for employees to work overtime. Additionally, young farmers should “be exempt from IRS and Social Security contributions,” explained Álvaro Mendonça e Moura.
Meanwhile, the president of the Portuguese Tourism Confederation (CTP) advocated reducing the tax burden, notably in corporate tax, and provided notes on tourism.
Francisco Calheiros emphasized that CTP “strongly supports the 100% privatization of TAP.” Regarding the new airport, despite the confederation’s skepticism, he highlighted the need to consider “a series of factors,” such as supplying water, electricity, the third Tagus crossing, and rail links, all of which are public investments that should be included in the budget, he stressed.
The Portuguese Commerce and Services Confederation (CCP) submitted a set of proposals to the Finance Minister, including reducing the corporate tax rate for small and medium enterprises to 15% on the first 100,000 euros of profit, lowering autonomous taxation, and adjusting incentives for company capitalization.
From the unions, the UGT secretary-general announced a meeting on Thursday of the national secretariat to discuss, among other issues, their proposal for the national minimum wage for 2026.
Meanwhile, CGTP secretary-general Tiago Oliveira urged the Finance Minister to prioritize “enhancing public services” and the salaries and careers, asserting that the budget should “address these needs.”
