Draft Law for 2022 Budget Submitted in Portugal's Parliament Including New Incentive Regime for Recovery

The draft law for Portugal's 2022 Budget (Bill 116/XIV/3) was submitted in parliament on 11 October 2021. Some of the main tax-related measures are summarized as follows:

• The revision of the personal income tax brackets/rates, including the two additional brackets as follows:
  • up to EUR 7,116 - 14.50%
  • over EUR 7,116 up to 10,736 - 23.0%
  • over EUR 10,736 up to 15,216 - 26.5%
  • over EUR 15,216 up to 19,696 - 28.5%
  • over EUR 19,696 up to 25,076 - 35.0%
  • over EUR 25,076 up to 36,757 - 37.0%
  • over EUR 3…