Tax Newsletter October 2024
Grant Thornton Portugal
Especialistas em Consultoria e Auditoria Financeira.
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Amendment to the Personal Income Tax (PIT) rate table for taxpayers resident in the Autonomous Region of Madeira
Regional Legislative Decree no. 7/2024/M was published in the Official Gazette (Diário da República) no. 206/2024, Series I of 2024-10-23, amending the tables of personal income tax rates applicable to taxpayers resident in the Autonomous Region of Madeira, approved by Regional Legislative Decree no. 3/2001/M of February 22.
The table of tax rates applicable to IRS taxpayers resident in the Autonomous Region of Madeira, replacing the table of general rates provided for in article 68 of the PIT Code, is as follows:
This statute shall enter into force on October 24, 2024, and shall take effect on January 1, 2024.