Monday, January 12, 2015

Budget CDS says “family and demography” are at the heart of … – News Minute to

Budget CDS says "family and demography" are at the heart of … – News Minute to

The parliamentary leader of the CDS-PP, Nuno Magalhães, pointed to the order amending the retention tables in the source for IRS that defended, reflecting a tax policy that puts the family and demography in the center.

“I want to emphasize that it is the first tax-signal families with children or grandparents over. On the other hand, say that means, as always defended the CDS, put family and demographics at the heart of fiscal policy, “said Nuno Magalhães Lusa.

Nuno Magalhães wanted to emphasize that” CDS always understood to be a key measure of fiscal point of view and is therefore a very important day , which is embodied in concrete examples. “

” As of today 120 000 low-income families with dependent families or grandparents because they have more spending and less income will no longer pay the IRS. In the first step, a mother who earn about 800 euros a month, which has two dependent children will see their retention in IRS download more than 25% .in a third example: a couple with two children with an income of around EUR 1200 per month will also have a reduction of 12% in the source, “explained.

Nuno Magalhães stressed that this is” a tax policy focused on family demographics, which, without harming those who can not or will not have, benefits those who by virtue of having grandparents or dependent children and low income necessarily have more expenses. “

The order amending the retention tables in the source for IRS was published today in the Official Gazette and may the hits for wages and pensions January already paid be made next month.

The new withholding tables at source for IRS (Tax on Personal Income) comes into force on Tuesday, but public or private entities that have already processed wages or pensions in respect of this month “should proceed until the end of February 2015 to the adjustments arising from the application of that income of the new tables of 2015,” according to the Ministry of Finance.

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