Irs jovem news in Portugal

Latest news and stories about irs jovem in Portugal for expats and residents.

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Taxpayers can still claim Youth IRS for past years

Taxpayers who missed the opportunity to claim the Youth IRS (IRS Jovem) in their 2023 or 2024 tax returns can still submit a correction. The tax authority allows for a replacement declaration until June 30th, though a standard fine of 25 euros typically applies to these late submissions.

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.

1 source →3 May

Taxpayers can still claim Youth IRS for past years

Young taxpayers now eligible for automatic tax returns

💶 Finance 🏛️ Government#irs-jovem+3 more

The Ministry of Finance (Ministério das Finanças) confirmed that young people benefiting from the youth tax regime (IRS Jovem) will now be covered by the automatic tax return (IRS Automático). This change, effective this year, removes the requirement for manual filing for eligible taxpayers under the “Modelo 3” form. The measure aims to simplify the tax settlement process for younger residents.

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.

1 source →30 Mar

Young taxpayers now eligible for automatic tax returns

New tax filing rules announced for Youth IRS scheme

💶 Finance 🏛️ Government#irs-jovem+3 more

The Tax and Customs Authority has introduced changes to the personal income tax (Imposto sobre o Rendimento de Pessoas Singulares or IRS) return forms for young workers. Starting April 1, those eligible for the Youth IRS (IRS Jovem) must use a new field in Annex A (Anexo A) to opt into the updated tax regime. Young tax-paying residents should ensure they use the correct codes to benefit from the significant tax exemptions available under the new rules.

1 source →22 Mar

New tax filing rules announced for Youth IRS scheme

NHR holders may switch to Youth IRS for savings

💶 Finance 🛂 Immigration#nhr-tax+3 more

The Tax and Customs Authority (Autoridade Tributária e Aduaneira) clarified that Non-Habitual Residents (Residentes Não Habituais or NHR) can cancel their status to benefit from the Youth IRS (IRS Jovem) regime instead. This option is available to those who have never utilized the NHR tax benefits and meet the age requirements for the youth scheme. Taxpayers should consult a professional to determine which regime offers greater savings before the April filing deadline.

1 source →17 Mar

NHR holders may switch to Youth IRS for savings

Recent articles

PS wants to ensure salary bonus is cumulative with Youth IRS

🏛️ Government 💶 Finance#irs-jovem+2 more

The Socialist Party (PS) is pushing to legally enshrine the Youth IRS incentive, ensuring salary bonuses remain cumulative and proposing an extended deadline of September 30th for late applications.

observador.pt2 Jul

PS wants to ensure salary bonus is cumulative with Youth IRS

Government maintains youth income tax scheme. Declarations increased fivefold compared to 2024

💶 Finance 🏛️ Government#irs-jovem+3 more

In three years, the number of youth income tax declarations has quintupled, reaching 960,000.

rtp.pt26 Jul

Government maintains youth income tax scheme. Declarations increased fivefold compared to 2024

IRS reduction in 2027 is not yet guaranteed, Youth IRS remains next year

💶 Finance 🏛️ Government#irs-jovem+2 more

The Secretary of State for Tax Affairs, Cláudia Reis Duarte, does not commit to a new IRS reduction in 2027 and states that the Government will maintain the Youth IRS next year.

publico.pt26 Jul

Government defies IMF recommendation: Youth IRS remains in 2027

💶 Finance 🏛️ Government#irs-jovem+2 more

Despite the recommendation from the International Monetary Fund (IMF), the youth income tax (IRS) regime will remain in place next year. The number of tax returns filed under the scheme, following the expansion of the measure to more beneficiaries, has increased nearly fivefold.

rtp.pt26 Jul

Government defies IMF recommendation: Youth IRS remains in 2027

IRS Jovem to continue next year

💶 Finance 🏛️ Government#irs-jovem+2 more

The youth income tax scheme (IRS Jovem) will remain in effect for the upcoming year.

rtp.pt26 Jul

Revolut accounts, bonuses, capital gains: what's new when filing your tax return

💶 Finance 🏛️ Government#irs-jovem+3 more

Tax refunds are expected to be faster but smaller this year, due to successive adjustments made to withholding tax rates.

Expresso31 Mar

Revolut accounts, bonuses, capital gains: what's new when filing your tax return

Automatic IRS refunds paid in less than two weeks after submission, says Government

💶 Finance 🏛️ Government#irs-jovem+3 more

Taxpayers using the Automatic IRS system are expected to receive their refunds in under two weeks, while those submitting via the standard method should expect three to three and a half weeks, according to the Government. Secretary of State for Tax Affairs, Cláudia Reis Duarte, stated that the average refund times are expected to be similar to last year's. The increase in Automatic IRS users to approximately two million is largely due to the inclusion of young workers under the 'IRS Jovem' scheme. Despite changes to tax withholding tables throughout 2025, the government maintains that a significant portion of tax returns will still result in refunds.

Dinheiro Vivo31 Mar

Automatic IRS refunds paid in less than two weeks after submission, says Government

President of the Republic gives 'green light' to expansion of Youth IRS declaration

💶 Finance 🏛️ Government#irs-jovem+2 more

Youth IRS beneficiaries will be covered by the automatic declaration starting this year. The 2025 IRS campaign, regarding 2024 income, begins on Wednesday and ends on June 30th.

Observador30 Mar

President of the Republic gives 'green light' to expansion of Youth IRS declaration

President of the Republic gives green light to extending automatic tax returns to Youth IRS beneficiaries

💶 Finance 🏛️ Government#irs-jovem+3 more

The President of the Republic, António José Seguro, gave the green light this Monday, March 30, to a Government decree aimed at updating the scope of taxpayers covered by automatic IRS (personal income tax) returns, following the revision of the Youth IRS regime. The decree, promulgated this Monday, amends Regulatory Decree no. 3/2024 to update the range of taxpayers eligible for automatic filing. This measure, approved on Friday, aims to enhance the simplicity and efficiency of the declaration process. According to the newspaper Público, young people benefiting from the Youth IRS (Model 3) will be covered by automatic filing starting this year, removing the requirement for manual income tax declaration. This change applies to the current tax campaign, which begins on Wednesday and ends on June 30, regarding 2025 income.

Dinheiro Vivo30 Mar

President of the Republic gives green light to extending automatic tax returns to Youth IRS beneficiaries

Tax authority admits Young IRS for non-habitual residents

💶 Finance 🏛️ Government#irs-jovem+3 more

The tax authority admits that a taxpayer registered as a non-habitual resident (NHR) may benefit from the Young IRS regime, provided they have never effectively used the tax advantages of that status and request its cancellation. This understanding is contained in a recent binding information from the Tax and Customs Authority (AT), published on the Finance Portal, which clarifies the matter.

ECO10 Mar

Tax authority admits Young IRS for non-habitual residents

Are you eligible for the 'Young' IRS benefit? Find out how much you'll save with the new withholding tax tables

💶 Finance 🏛️ Government#irs-jovem+3 more

Among those eligible for the 'Young' IRS benefit, some will see their net pay rise by €47 per month compared with January 2025 under the new withholding tax tables. This is according to simulations by EY for ECO, based on the tables published at the start of the year, which apply ...

ECO26 Jan

Are you eligible for the 'Young' IRS benefit? Find out how much you'll save with the new withholding tax tables

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