These values are part of a set of simulations by the consultancy firm Ilya and reflect the tax reduction that the Government approved today, which varies between 0.25 and 0.75 percentage points in the first five brackets (and which had already been reduced at the beginning of this year), and between 0.5 and 3 percentage points in the 6th, 7th and 8th brackets, compared to the rates that have been in force since January. According to the simulations by Ilya (which consider single people or couples, both without dependents), a gross salary of 950 euros will have an IRS reduction, due to the measures approved today, of 1.25 euros per month (or 17.48 euros per year) compared to the model that came into force with the 2024 State Budget. For those who have a salary of 1,000 or 1,500 euros, the monthly IRS reduction will be 1.87 and 4.66 euros, respectively (26.18 and 65.22 euros per year, in the same order) compared to the IRS rates currently in force. This monthly savings rises to 7.62 euros for a gross salary of 2,000 euros (106.66 per year) and goes up to 17.40 euros per month (or 243.54 euros per year) for a salary of 2,500 euros, which already enters the 6th income bracket - whose marginal rate is also reduced by the Government's proposal, in this case by three percentage points. The simulations by the consultancy firm Ilya also show that for salaries from 7,500 euros up to 15,000 euros gross, for example, the reduction will be the same, i.e. 46 euros per month and 644 euros per year, compared to the rates already in force. It should be recalled that in January, the previous Government reduced the rates levied on the first five IRS brackets, between 1.25 and 3.5 percentage points - that is, these increases are added to this value, which was already included in the current Budget. You can see the tables in the article below:

Today, the Government approved a proposal with new rates that translate into a reduction of 0.25 percentage points in the marginal rate of the 1st bracket, 0.5 percentage points in the marginal rate of the 2nd, 3rd, 4th and 7th brackets and 0.75 percentage points in the 5th bracket, compared to the current article 68 of the IRS Code.

In the 6th bracket, the reduction is 3 percentage points, as already mentioned, and in the 8th bracket, it is 1.25 percentage points.

As IRS is progressive, all income brackets benefit from the reduction in rates in the lower brackets, with this impact being greater when, in addition to this effect, there is also a reduction in the respective marginal rate.

Leia Também: Redução adicional do IRS de 2024 vai ser de 463 milhões de euros (Portuguese version)