The decision was made in a meeting of the Regional Government Council (PSD/CDS-PP), led by social democrat Miguel Albuquerque, which took place in Funchal. The proposal will now be submitted to the Legislative Assembly of Madeira, where social democrats and Christian democrats hold an absolute majority.
The Madeira executive will extend the maximum fiscal differential of 30%, as outlined in the Regional Finance Act, which is currently applied up to the 5th IRS bracket, extending it to the 6th. Additionally, there will be a 15% reduction in the 7th bracket, 9% in the 8th, and 3% in the 9th.
The fiscal differential allows for a tax reduction of up to 30% in the region compared to the mainland.
In today’s meeting, the Regional Government also decided to approve a cooperation agreement with the Social and Parish Center of the Holy Trinity in Tabua, located in the western part of Madeira, to finance personnel expenses and activities at the Santa Teresinha Establishment, which includes a residential structure for the elderly, a day center, and a social center.
The executive allocated a monthly amount of 13,601.75 euros for expenses, deducted from the income the institution will collect as user contributions.
Moreover, a one-time grant of 54,472.20 euros was approved to contribute to expenses related to “compensation for termination of employment contracts of human resources.”
Among other decisions, the Miguel Albuquerque executive advanced with a program contract with the Casa do Povo da Ilha, on the north coast of Madeira, amounting to 12,800 euros, aimed at contributing to the costs of organizing the Lemon Regional Exhibition 2025.
