Novas tabelas de retenção na fonte para o IRS de 2024 em vigor

The new withholding tax tables for the 2024 personal income tax (IRS) have been published in the Republic Diary (order nº13288-E/2023). The reduction in this tax, which has been in force since the beginning of January, will boost the incomes of workers and pensioners. 

These new tables aim to ensure that an increase in gross salary corresponds to an increase in net household income, for example:

• an unmarried taxpayer, with no dependents and a salary of around €1,300, will have a reduction in withholding tax of 16%, which corresponds to a gain in net monthly income of around €28 per month (i.e. €392 per year)

• a taxpayer under the same conditions, but with a salary of around €2,000 per month, will have a reduction in withholding tax of 14%, which corresponds to a net monthly figure of around €56 per month (€784 per year)

• a married taxpayer, with one dependent and a gross salary of €2,000 per month, will have a withholding tax reduced by 15%, which corresponds to a net monthly gain of around €56.

Public administration workers will benefit from the salary increases that were defined in the reinforcement of the Medium-Term Agreement to Improve Incomes, Wages and Competitiveness by at least 52€ or 3%, which corresponds to a reduction in personal income tax.

Workers who receive the minimum wage, which has risen to €820, are exempt from paying PIT and do not have it withheld at source. 

In the case of pensioners, net income also increases. For example, an unmarried pensioner with a monthly pension of €900 has an increase in net income of €25 per month, which corresponds to a reduction in their withholding tax of 49%.

Source: Government portal