Portugal’s Income Tax Surcharge to be abolished in January 2018

Portugal’s Finance Minister, Mário Centeno, said as from January next year, the income tax surcharge will be abolished.

In an interview on RTP3, the minister, recently dubbed the Ronaldo of Finance, stated, “In January 2018 no one will pay the IRS surcharge,” adding that there are a series of additional measures being worked on to ensure the lowest earners will see a reduction in their ‘fiscal burden.’

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