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Portugal Updates Employment Withholding Tax Tables for Certain Individuals from July 2022 — Orbitax Tax News & Alerts

Portugal has published Order No. 8564-A/2022 of 12 July 2022 in the Official Gazette, which updates the specific withholding tax tables for monthly income from dependent work (employment) and pension income. In particular, updates are made with respect to Table I for single (unmarried) individuals and Table III for married individuals with two children, which are effective for employment income paid or made available as of 1 July 2022. The order was followed by Declaration of Rectification No. 629-A/2022 of 14 July 2022, which provided a correction to Table III. The order and declaration also provide all the other rate tables, which are unchanged from the tables previously approved for 2022 in general.