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The government also approved on Thursday a cut in the normal corporate income tax rate to 15% by 2027 from 21% currently and a new mandatory minimum tax rate of 15% for all multinationals ...
Under the Investment Tax Code, approved on September 23 2009, [3] a new type of residency, for tax purposes was created under the Personal Income Tax Code, called non-habitual residency (NHR). This new tax residency type was created in order to attract to Portugal high-skilled professionals and pensioners obtaining foreign income.
This allowed individuals to live for 10 years in Portugal, paying a flat rate income tax of 20% on money earned in the country. This contrasted with a tax band between 14.5% and 48% for Portuguese ...
Portugal's main opposition leader vowed on Saturday to lower income tax for young people and gradually increase state pensions if he wins a snap election called earlier this month after the ...
Single tax of circulation – is an annual tax on all vehicles registered in Portugal. This tax is aimed to make the drivers responsible for the emission of CO 2 and harming the environment. [5] [29] ADD-on STC – is to be paid for the most polluting new vehicles (purchased since January 2017) and for diesel vehicles. [30]
62% (This consists of 40% income tax on the GBP 100k–125k band, an effective 20% due to the phase-out of the personal allowance, and 2% employee National Insurance). The marginal rate then drops to 47% for income above GBP 125k (45% income tax plus 2% employee National Insurance) [ 241 ] [ 242 ]
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Associated Press Finance 12 hours ago Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available. Billionaire tech mogul Elon Musk posted Monday on his social media site that he had “deleted” 18F, a government agency that worked on technology projects such as the IRS’ Direc…