OrbitaxOrbitax

Portugal Sets Individual Income Tax Surcharge Exemption Threshold for 2016

|Approved Changes|Portugal
Portugal

As {News-2015-12-29/A/5- previously reported}, Portugal has progressively reduced the 3.5% surcharge on individual income of EUR 80,000 or less in 2016. On 30 December 2015, Law 159-D/2015, which includes the changes, was published in the Official Gazette. The law includes that the surcharge exemption threshold for 2016 is EUR 7,070. In addition, the surcharge will be abolished from 2017.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.