Portugal’s Personal Income Tax and Pensions 2018 Update

Conceito, an HLB member firm in Portugal made an Analysis on Portugal’s Personal Income Tax and Pensions outlining the following:

– Tax relief for tax payers inintermediate tax bands

– Extension of coefficient 1 in the simplified scheme for the calculation of taxable income

– Increased tax burden for self employed persons participating in the simplified scheme for the determination of taxable income

– Evolution of the tax burden for self-employed persons participating in the simplified scheme for the determination of taxable income

– Elimination of tax benefits for education vouchers

– Tax deduction of rents paid for displaced students

– Subsistence level

– Tax relief for the performance of public duties abroad

– Tax deferral of suspended capital gains in the decommissioning of a business property

– Increased tax burden for company shares

– Option for the aggregation of property income earned by non-residents

– Legislative authorisation regarding VAT deduction

– Pensions to increase in 2018

– Pensioners engaged in the performance of public duties

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