Portugal Parliament Takes Up 2027 Budget Bill With Top Income Tax Rate of 48%
The Portuguese Parliament has accepted the 2027 state budget bill for consideration, Bloomberg Tax reported on October 14. Parliament accepted Bill No. 110/XVII/2, the 2027 state budget bill, on October 8.
On personal income tax (IRS), the bill would extend the IRS regime for former residents to individuals who become Portuguese tax residents by 2027. It sets IRS rates ranging from 12.2 percent for income up to 8,666 euros to 48 percent for taxable income exceeding 89,995 euros. The bill also imposes solidarity surcharges of 2.5 percent for income between 89,995 euros and 250,000 euros, and 5 percent for income exceeding 250,000 euros.
The bill includes further tax measures beyond those detailed in initial reports. As a bill before parliament, its provisions remain subject to debate and amendment before any final vote.
Source: GSM · USA (original Chinese edition)
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