Key Benefits:
CHAIR OF THE COUNCIL OF MINISTERS
Proposed Law No. 15 /XI
Exhibition of Motives
The Stability and Growth Programme for 2010-2013 provides for the consecration of a
new Tax Rate on Singular Persons Income (IRS), in the value of 45%,
for taxable or aggregated subjects who obtain an annual value of
yield higher than € 150000.
It is a measure of temporary and extraordinary application that aims to promote the
fair and equal apportionment of the recovery effort of the economy and consolidation of the
public accounts, bolstering the fairness of the IRS.
Thus:
Under the terms of the paragraph d) of Article 197 (1) of the Constitution, the Government presents to the
Assembly of the Republic the following proposal for a law:
Article 1.
Amendment to the Income Tax Code of Singular People
Article 68 of the Income Code on the Income of Singular People,
abbreviately designated by IRS Code, approved by the Decree-Law No. 422-A/88,
of November 30, it is replaced by the following:
" Article 68.
...XX_ENCODE_CASE_One ...
1-percent ... namely:
CHAIR OF THE COUNCIL OF MINISTERS
Collectable Income
(in euros)
Fees
(in percentage)
Normal
(A)
Average
(B)
Up to 4793 10.5 10.5000
From more than 4793 up to 7250 13 11.3471
From more than 7250 up to 17979 23.5 18.5996
From more than 17979 to 41
349
34 to 27.3039
From more than 41349 to 59
926
36.5 to 30.1546
From more than 59926 to 64
623
40 to 30.8702
From more than 64623 to 150
000
42 to 37.2050
Higher than 150000 to 45
2-percent-percent-percent... "
Article 2.
Transitional arrangement
The 45% rate provided for in the table in Article 68 of the IRS Code is applicable to the
CHAIR OF THE COUNCIL OF MINISTERS
income earned between the years 2010 and 2013, inclusive.
Article 3.
Entry into force
This Law shall come into force on the day following that of its publication.
Seen and approved in Council of Ministers of April 22, 2010
The Prime Minister
The Minister of the Presidency
The Minister of Parliamentary Affairs