Portugal has published Decree-Law No. 212/2026 of 4 November 2026 in the Official Gazette, which amends the Personal Income Tax Code in accordance with the legislative authorization granted by Law No. 64-B/2026 of 22 October 2026. In particular, the Decree-Law reduces the general rates applicable to the first six taxable income brackets, resulting in the following brackets/rates:
- up to EUR 8,342 - 12.20% (down from 12.50%)
- over EUR 8,342 up to 12,587 - 15.20% (down from 15.70%)
- over EUR 12…