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

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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