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Portugal unveils income tax hike

04 October 2012   (0 Comments)
Posted by: SAIT Technical
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By SAPA (Business Report)

The Portuguese government announced a generalised income tax hike on Wednesday, one of several new austerity measures meant to replace earlier proposals that met with stiff popular opposition.

At a news conference, Finance Minister Vitor Gaspar unveiled a 4.0-percent extraordinary tax and said that Portugal's income tax brackets would also be reduced from eight to five.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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