Proposed 2027 Income Tax Revisions Offer Modest Household Savings

Sunday, 11 October 2026AI summary

The proposed 2027 State Budget (Orçamento do Estado) includes adjustments to personal income tax (Imposto sobre o Rendimento das Pessoas Singulares or IRS) brackets, deduction minimums, and standard allowances. Simulations conducted by consultancy EY show that an unmarried worker without dependents earning €1,500 gross per month would save about €37 next year. Larger savings are projected for higher earners, though the ultimate benefit depends on family structure and income level.