Government Repeats Recipe: Pension Bonuses and Income Tax Cuts Arrive at the End of the Year.
13 Articles
13 Articles
Montenegro has announced the payment of an extraordinary supplement for pensions up to 1.611 euros. Extra value will reach two million pensioners in December.
Government proposes reduction of IRS up to the 6th stairway and that will begin to be felt in November. Pensioners will receive extra supplement in December
Prime Minister announced in Parliament a reduction of the IRS to the sixth level. Tax relief of 400 million will already be felt on November's salary through new tax withholding rates.
The government will move forward with two new measures to support families and pensioners, in a package that, according to Luís Montenegro, will be approved next week in the Council of Ministers. The announcement was made this Tuesday by the Prime Minister during the debate of the motion of censure presented by Arri. Among the measures is an extraordinary supplement [...]
Prime Minister stated that "there will be a reduction in the withholding tax in November, in salary and in the Christmas grant." See this and other news on the TV RECORD website.
Income tax rates will be reduced up to the sixth tax bracket, and the retirement model should be similar to previous years. The budgetary impact is 800 million.
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