Portugal's Personal Income Tax and Pensions 2018 Update

12 Jan 2018

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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