Morning briefing: The tax declaration for young workers under the IRS system is now automated, and Portugal is set to launch five satellites into orbit today.
Alarm clock: Young IRS tax return becomes automatic. Portugal launches five satellites today
Monday, 30 March 2026RSS
Context & Explainers
IRS Jovem is a tax benefit that provides a partial exemption on employment income for young workers aged 18 to 26 during their first five years of work. It helps young professionals retain more of their earnings by reducing their income tax (Imposto sobre o Rendimento de Pessoas Singulares) liability. As of 2024, these taxpayers are eligible for the automatic tax return system, simplifying the annual filing process.
The automatic tax return (IRS Automático) is a system where the Portuguese tax authority pre-fills your annual income tax declaration using data provided by employers and banks. Taxpayers only need to verify the details and submit the form, which saves time and reduces the risk of manual errors. The service is available to residents with simple tax situations, including those now enrolled in the IRS Jovem program.
AI Summary AvailableYoung taxpayers now eligible for automatic tax returnsRead the synthesized summary with context and explainers
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