The Government will approve new withholding tax tables that will reflect the reduction of IRS rates, after the promulgation of the diploma by the President of the Republic. This will come into force retrospectively in September. “Following the promulgation of AR Decree No. 7/XVI, by the President of the Republic,…
Posts tagged as “irs”
The amount from which salaries withhold IRS increases in January to 820 euros, with a monthly net income gain of about 28 euros, according to the new tables published today.
IRS declarations for 2021 show that more than 78 thousand workers in Madeira gross annual income was below 10 thousand euros.
Capital gains tax exemption obtained in the sale of real estate will apply to sales between the beginning of this year (2023) and the end of 2024. However, T's and C's apply!