Latest news and stories about irs in Portugal for expats and residents.
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The new IRS withholding tables that will apply to wages and pensions in 2026 have been published on the Finance Portal, reflecting the IRS cut and ensuring tax exemption for amounts up to €920.
In Lisbon, the political party Chega has enabled the approval of a tax refund for citizens, while the Socialist Party (PS) chose to abstain from the vote. However, PS has formed an alliance with the Left Bloc (BE) regarding the public transport company Carris.

The Porto City Council approved on Wednesday, with the abstention of the Chega councillor, a reduction in the Personal Income Tax (IRS) collected by the municipality, decreasing from 3% to 2.5% in 2026, while maintaining the Municipal Property Tax (IMI) at 0.324%. The Chega representative, Miguel Corte-Real, praised the decision.
