PS promises to return part of the VAT on the purchase of essential goods to the poorest families

Date:

Share post:

The PS promises to return part of the VAT paid on essential goods to families with lower incomes and to reduce personal income tax for the middle class by lowering marginal rates.

These are some of the tax proposals in the PS electoral program, which was presented today at a public session in Lisbon, attended not only by the socialist secretary-general, Pedro Nuno Santos, but also by the socialist and current finance minister, Fernando Medina, and Alexandra Leitão, who coordinated the drafting of the document.

In the document, the Socialists propose “returning part of the VAT paid on essential goods to lower-income families, including families who do not pay personal income tax,” but without quantifying the limits and proportions of the respective returns.

In addition to “reducing personal income tax for the middle class, within the budgetary margin” and “lowering marginal rates”, the Socialists promise to update the limits of the respective brackets “in line with the inflation rate, preventing taxpayers from seeing their tax bill increase as a result”.

The extension of the IRS Jovem “to all young people, regardless of their level of education, for the sake of fairness and internal consistency of the measure,” is another of the program’s measures.

The PS also proposes to “increase deductible expenditure on rent by €50 per year until it reaches €800 in 2028, relieving families of this fundamental expense” and to “reduce autonomous taxation on company cars by 20%, reducing the level of taxation on the overwhelming majority” of companies.

In the field of electricity, the party led by Pedro Nuno Santos promises to apply a rate of 6% to the first 200 kWh of monthly consumption (doubling the current 100 kWh), or 300 kWh per month in the case of large families (doubling the current 150 kWh), considering it an “essential measure to combat energy poverty”.

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.

Related articles

Madeira and 10 districts under orange warning from Thursday due to swell

Ten mainland districts, the north coast of Madeira and Porto Santo will be under an orange warning on...

Fire at tourist resort in Grândola in the aftermath

The fire that affected four houses under construction in a tourist development in Muda, in the municipality of...

Thirty years later, Portugal launches its second satellite

Thirty years later, Portugal is launching its second satellite into space, "Aeros", which will observe the oceans from...

New Azorean government takes office today

The new government of the Azores, made up of a PSD, CDS-PP and PPM coalition and chaired by...