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José Pedroso de Melo, Of Counsel in the Tax area of TELLES, comments on aspects related to the half payment in advance being able to increase the IRS bill for pensioners, in NOVO Semanário.
According to the tax lawyer at TELLES, on a monthly basis, the supplement will be subject to an autonomous withholding tax, which prevents an increase in the rate. On the other hand, in annual terms, there may be situations of loss due to having received a supplement this year.
However, José Pedroso de Melo points out that “[the State Budget proposal for 2023 provides for a reform of the minimum existence applicable to 2022 income which] should, to a large extent, mitigate the effect of any movement in tax brackets [resulting from the supplement]”.
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