The government program unveiled this Wednesday provides a contribution and tax exemption for performance bonuses that do not exceed 6% of annual base salary. This measure is a copy of the idea of the Portuguese Business Confederation (CIP), which became known as the 15th month.
This proposal, which was already included in the electoral program of the Democratic Alliance, was supported by Armindo Monteiro, president of the CIP, but contested by the left parties, since it involved non-payment of taxes and the unified social tax (TSN), a contribution to social security. In addition, this measure only applies if the employer decides so.
In its program, the new government also promises to lower the IRS to level 8 by reducing marginal rates by 0.5 to 3 percentage points compared to 2023, with a particular focus on the middle class.
We are talking about reducing the tax on annual income to 81,199 euros, which corresponds to the maximum limit of the 8th group of the table in force last year.
On the tax front, the executive also wants to “double the IRS contribution of families to social institutions from 0.5% to 1%, in order to increase the freedom of choice of the Portuguese people and strengthen the financing of the social sector.”
The government program was approved this Wednesday by the Council of Ministers and presented by Presidential Minister António Leitan Amaro. The diploma will be discussed in parliament this Thursday and Friday.
60 measures from other parties
The program includes 60 measures from other parties, said Presidency Minister Leitan Amaru. Most of the programs are PS, Chega and IL. “This is a program of change, but of dialogue,” he said. One of them is to reduce taxes on companies’ autonomous vehicles by 20%.
Author: João Maltes
Source: CM Jornal
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