Portugal Tax Agency Issues Order to Update Withholding Tax Tables for 2026

The Portuguese Tax and Customs Authority Jan. 5 issued an order to update the specific withholding tax tables for monthly income from employment and pension income for 2026. The order includes measures to: 1) increase the guaranteed monthly minimum wage (RMMG) to 920 euros (US$1,075), from 870 euros (US$1,017); 2) update the personal income tax (IRS) brackets; 3) increase the subsistence minimum to 12,880 euros (US$15,060); 4) update separate tables for single, married, and disabled individuals; 5) outline the withholding tax calculation rules and penalties for noncompliance; and 6) extend the applicability of the tables to taxpayers in Portugal, except ...