Employment Tax
Summary
The Portuguese Government September 6 posted online FAQs on the updated 2024 personal income tax (IRS) withholding tables. The FAQs provide that:
1) the updated withholding tax tables apply to taxpayers who receive employment or pension income;
2) excess withholdings on income earned between January and August 2024 will be compensated using modified withholding rates in September and October;
3) taxpayers that are unable to apply the updated withholding tax tables in September must deduct the excess in October.
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