The cap on residential rents from a reduction from 28% to 25% of the IRS special rent rate was approved this Monday by MPs during the vote on the state budget 2024 (OE2024).
The measure was approved without any dissenting votes: Chega, the Liberal Initiative, Livre and PCP abstained, while the other parties voted in favour.
At issue is a proposed amendment tabled by the PS which clarifies that the reduction in the special rate applied to rental income (where the landlord does not consent to its inclusion) applies only to residential rents and not to others for which the rate remains the same 28%.
During the third day of voting on the issue, MPs on the Budget and Finance Committee also approved proposals to amend the PS, which would require reporting of income eligible for exemption when its value exceeds €500, “as well as assets held in countries, territories or regions with clearly more favorable treatment.”
Discussion and voting on OE2024 by specialty began on November 23rd and will end on the 29th, the date of the final global vote on OE2024.
Author: Lusa
Source: CM Jornal
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