• Type: Publication series
  • Date: 10/22/2012

Portugal – Budget 2013 Ushers in Higher Taxation 

KPMG in Portugal reports on the proposed 2013 budget, unveiled on October 15, 2012. The proposed budget measures would reduce the number of brackets in the income tax table, impose an additional solidarity contribution on high earners, levy an additional 4-percent surcharge on certain income, modify the taxation of income from rents, and raise the taxation of investment and capital income as well as pension income, the latter by means of an extraordinary contribution.

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