PIT - Approves new withholding tax tables

In brief

Order 9971-A/2024, issued by the State Secretary of Tax Affairs, dated 27 August 2024, approves the new PIT withholding rates in force from 1 November 2024, applicable to employment and pension income.

New PIT withholding rates applicable from 1 September to 31 October 2024 are also approved.

These updates aim to reflect the recent changes made to the Portuguese PIT Code, namely in terms of the reduction of the general tax rates and of the update of the amount of the specific deduction applicable to employment and pension income.

The approval of the PIT withholding rates applicable from 1 September to 31 October 2024 aims to compensate the tax withholdings already made in respect of employment and pension income obtained in the months prior to the above tax changes.

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