Porto citizens' income tax cut of 0.5pc approved
The Port Municipality has decided to reduce the tax burden on the public by reducing the single personal income tax (IRS) by 0.5 percentage points, setting it at 3.5%. The motion to reduce the tax burden was approved by a majority vote.
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Representatives of the Independent Candidates Movement, the Social Democrat Party (PSD) and the Socialist Party (PS) voted in favor of the tax cut, while the Bloc of the Left (BE) and the Portuguese Communist Party (CDU) voted against it.
According to a statement by a spokesman for the city administration, given the "contemporary context and the special social, economic and financial requirements", the municipality wishes to continue the policy of providing
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