Luís Montenegro proposes a reduction in personal income tax rates in 2023

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The president of the PSD proposed today in Quarteira, Algarve, a reduction this year in IRS rates in all but the last bracket, a measure that would be financed by the surplus of tax revenue.

In the traditional Festa do Pontal that marks the political “rentrée” of the Social Democrats, Luís Montenegro advanced with a “global tax reform program” of which “five immediate measures” are part.

“The PSD will not jeopardize the balance of public accounts”, assured the PSD leader, stating that there is enough budgetary slack to take these measures, which he considered a priority.

According to the social-democratic leader, the first of these measures would allow a decrease in the IRS by 1.2 billion euros still in 2023, allowing a decrease of about 10% in the marginal IRS rate up to the sixth bracket.

Moti Shabi
Moti Shabi
Moti Shabi, CEO and founder of Portugal Pulse, has led career that spans multiple continents and industries. Born in Paris and later immigrating to Tel Aviv, Israel, Moti's background uniquely positions him at the intersection of European and Middle Eastern cultures. He holds a Law License from Ono College, reflecting his multifaceted interests in law, media, technology, and culture.    Moti's love affair with Portugal began in 2016 when he founded EASY NATIONALITY, an immigration office focused on aiding the Sephardic community in the wake of Portugal's law of return for Sephardic Jews. This endeavor demonstrated his commitment to creating meaningful social and cultural bridges.    In 2018, he launched Hadshot Portugal, the first-ever news website about Portugal in Hebrew. Recognizing the importance of bringing Portuguese culture and news to a broader audience, Moti took the step of immigrating to Lisbon in 2023, where he founded both Portugal Pulse and Portugal France. These platforms aim to offer comprehensive coverage of Portuguese news, events, and culture to the English and French-speaking worlds, respectively.    Moti's vision extends beyond news dissemination. He aspires to be an ambassador for Portuguese culture and to strengthen the connections among Portuguese diaspora communities worldwide. In pursuit of this ambitious goal, Moti founded Aliança Portugueses in 2021. Through this initiative, he aims to bring together Portuguese communities, creating a network of individuals and organizations bound by their love for Portugal.

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