“This reduction does not cover the ninth and last bracket, and it protects the first three brackets, representing the lower income, and offers recognition and reinforcement of the income and remuneration conditions of the Portuguese middle class,” highlighted Luís Montenegro in a segment of an interview with RTP, which will be broadcast in full tonight.
According to the prime minister, the proposal will be submitted “today in the Assembly of the Republic so that it can be discussed next week.”
The prime minister noted that this will be the third reduction in IRS under his government leadership and promised “to continue this during the legislature.”
Last week, during the discussion of the government’s program, the prime minister had already announced that the IRS reduction proposal would be presented “within the next two weeks.”
The PSD/CDS-PP government program envisages a reduction of IRS by two billion euros by 2029, with a cut of 500 million euros already in 2025.
