New withholding tax tables - IRS

27.08.2024 |

New IRS withholding tax tables have been published and will come into force from November 2024. To retroactively compensate for income withheld between January and August 2024, other tables have also been specially created that will only apply between September 1 and October 31, 2024. This means that taxpayers (employees and pensioners) will deduct less, or even nothing, from their personal income tax (IRS) for two months. 

Reduced taxes for September and October

With the new withholding tables for September and October, a 0% withholding rate will apply for gross salaries of up to 1,175 euros and for pensions of up to 1,202 euros. Above these amounts, the rates applied are reduced, but only temporarily, during these two months.

New withholding tables will come into force in November, after the adjustments made in September and October relating to retroactive payments from the beginning of the year.

You can consult the tables in the order issued by the Office of the Secretary of State for Tax Affairs, available on the Tax Authority website.

  • Withholding tables in force in September and October - from page 14 to 19

  • Withholding tables in force from November - from page 9 to 14

Source: Portal das Finanças

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