The additional reduction in the IRS that the Government wanted to make this year was approved and is ready to move forward, but in PS fashion. All taxpayers will see their disposable income increase, but the pie is distributed differently than Luis Montenegro intended, favoring more taxpayers who earn approximately €2500 gross monthly (and less from then on). If Joaquim Miranda Sarmento advances with new withholding tax tables later this year, as he said he intended, net salaries will increase this year.
