Authorities unveil fresh strategies for citizens
The Portuguese government, led by Prime Minister Luís Montenegro, has unveiled a series of measures aimed at stimulating economic growth, aiding vulnerable groups, and supporting families.
For Companies
The Government has announced a gradual reduction in the Corporate Income Tax (IRC) from the current rate of 21% to 19% in 2025, and further down to 17% in the future. Small and medium enterprises and small-cap companies will benefit from a reduced rate of 15% on the first €50,000 of profit. These tax cuts are designed to encourage investment and economic growth.
For Retired People
The Government is providing an automatic pension supplement to retired people. Retirees with pensions between €522.50 and €1,045 will receive a support of €150 monthly, while those with pensions between €1,045 and €1,567.50 will receive a supplement of €100. The aim is to aid elderly people who are not living under the best economic conditions.
For Families
While direct family support measures like tax breaks or subsidies were not explicitly listed, the government's housing strategy includes increasing public and private housing supply, simplifying licensing, reducing taxes and fees on construction, and incentivizing affordable rental models. These measures aim to make housing more accessible and affordable, indirectly helping families.
For Professional Drivers
The Government is creating rules for the working time in the professional driver sector, including both independent workers and those employed by public transport enterprises. The authorities are also planning to establish rules for the tachographs installed in vehicles within this sector.
Transparency and Bureaucracy Reduction
The Government is evaluating a new National Cadastral Information System to reduce bureaucracy. This system aims to make it easier for people to identify the limits of their lands, with the Government planning to publish the annual BUPi report for public consultation. The Government is also working to increase transparency in the registration of buildings or lands in Portugal.
Bruno G. Santos, Deputy Editor at our website, is interested in national politics and writes about various topics like Portuguese culture, society, and current affairs. Pregnant women subscribed to Portuguese civil servant's retirement and survivor pension funds will now have access to the electronic declaration of pregnancy.
These measures are part of the Portuguese government's broader strategy to support vulnerable groups, stimulate economic growth, and create a more transparent and efficient bureaucracy. However, further official government releases or policy documents would be required for comprehensive details on specific aspects like income increases for retired people and new professional driver regulations.
The Portuguese government's housing strategy includes measures to support families, such as increasing public and private housing supply, simplifying licensing, reducing taxes and fees on construction, and incentivizing affordable rental models, which aim to make housing more accessible and affordable.
In the realm of finance and business, the Government has announced a series of tax cuts aimed at encouraging investment and economic growth, including a gradual reduction in the Corporate Income Tax, and reduced tax rates for small and medium enterprises. These tax cuts are designed to stimulate business activity in Portugal.
