A new tax incentive for companies that increase salaries. The measure, introduced in the General State Budget for 2025, represents a strategic opportunity to optimize costs and improve competitiveness, directly impacting Human Resources management and payroll processing.
Redeeming the work compensation funds in Portugal is a process that allows companies to use the amounts accumulated in the Work Compensation Funds (FCT) to support their employees.
On 16 January, Decree-Law no. 1/2025 was published, changing the remuneration base and updating the remuneration and subsistence allowance rates for the Public Sector, although the private sector uses them as a reference.
Since January 1, 2025, the Young PIT in Portugal has undergone some significant changes introduced by the recently approved State Budget.
Artificial intelligence is reshaping human resources by automating tasks, reducing errors, and enhancing efficiency. However, the human element remains crucial for customising solutions and ensuring ethical practices. At Nominaurea, we help your business adapt to these changes.
The State Budget for 2025, approved in general on October 31, 2024, introduces several significant changes in the tax field.
In accordance with the current Portuguese labour code, particularly article no. 131, the company is obliged to have a professional training plan for its workers for a minimum of 40 hours per year.
The Portuguese government managed to reach an understanding to make the State Budget for 2025 viable, but now it remains to be defined which proposed changes will be approved in the specialty voting.
In this article we will focus on the Youth PIT measure. This measure is intended to be an improved and broader version when compared to the legislation introduced by previous budgets in this matter.
Payroll compliance is essential to ensure legal obligations are met and to avoid sanctions that can impact a company’s reputation and stability. A continuous focus on compliance guarantees efficient and sustainable operations.
Last September, significant changes were made to the way invoices, receipt-invoices and receipts are issued on the Portuguese Tax Authority web page.
The municipal tourist tax is an extra fee applied per night and per person, in addition to the room price, for guests staying in tourist accommodations such as hotels, guesthouses, resorts, local lodgings, and rural tourism accommodations. The goal is to raise funds for each municipality to invest in public infrastructure that supports tourism.
The Government recently announced the implementation of new IRS withholding tables, which promise to bring significant changes to Portuguese taxpayers.
The IRS tax regime for carrying out a professional or business activity, commonly known as self-employed workers or “freelancers”, is, or should be, an organized way of developing a business as if it were under the Corporate Tax regime through a company.
Portugal_ The payment of taxes is a duty that must be fulfilled by all taxpayers, whether business or individual.
Portuguese taxpayers without organized accounting will no longer be required to purchase physical books for VAT registration.
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