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Chega offers IRS exemption of up to 100 thousand euros for young people under 35

Chega will propose in the next legislative elections to exempt young people under the age of 35 from the IRS until they have earned a total of 100 thousand euros in income since the start of their career.

This was announced by party president Andre Ventura at an event with businessmen organized by the International Club of Portugal, who later explained the measure in statements to journalists.

“This is one of the proposals that CIP also presents to encourage young people, namely an exemption from the US Tax Office until the age of 35, until an income of 100 thousand euros is reached,” he said, pointing out that “these 100 thousand euros they are not per year”, but until “100 thousand euros of your income are formed as income from work” from “the moment they begin to be deducted”.

Chegi’s leader noted that the proposal is intended to be “positive discrimination” to encourage young people to stay in the country.

“If we want to attract young people under 35, we have to give them an incentive to stay because at the moment we are losing them,” he said, pointing out that he wants Portugal to “become a paradise for young people.” fiscal or non-fiscal.”

Andre Ventura believed that currently “Portugal is hell for young people because they have no wages, they do not have decent conditions for public services, they are one of the least competitive in Europe in terms of the companies that provide them with workers places.” “.

With this measure, Chega intends to tell “young people that if they work and have a salary, they can enjoy a tax exemption until age 35 and even never pay the IRS until age 35,” explaining that “only when they do that, The 100 thousand euros will no longer be exempt.”

Ventura explained that the chosen value “is a benchmark that has been used in other proposals, even internationally.”

President Chegi also said there was a choice between “bold and different” measures like this or “continuing this socialist model with KP trips and hotel tickets on Saturday.”

Author: Lusa
Source: CM Jornal

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