Minister of Finance explained that the meeting between the Government and employers’ confederations was “very useful”
The Minister Finance stated today that the state budget for 2016 provides for a tax benefit for companies that will neutralize the increase in the tax on Oil Products (ISP), so this is not reflected in the economy.
in a statement reporters without the right questions at the end of a meeting of more than two and a half hours between the Government and employers’ confederations, Mário Centeno explained that this meeting was “very useful” because “it was made clear some pointed questions about the Budget State, in particular some tax character issues “.
” I stress this matter the issue of increasing the ISP that will not have an impact on what are company accounts because the government has a request for legislative authorization [ the state budget for 2016] which will neutralize this impact by increasing the reflection in the accounts of these companies in terms of reduction of this additional cost resulting from increased ISP, “said the finance minister.
Centeno he explained that this tax benefit allows that, “with this neutralization, that this increased ISP is not reflected in the economy, do not have a knock-on effect to the economy, because it is completely absorbed by this increase in the reduction of business costs.”
the meeting between the Prime Minister, António Costa, the Finance Minister, Mário Centeno and the Minister of Labour, Solidarity and Social Security, Vieira da Silva, with the employers’ confederations ended without the presidents of Confederation of Portugal Farmers (CAP), the Confederation of Trade and Services of Portugal (CCP), the Business Confederation of Portugal (CIP), the Portuguese Tourism Confederation (CTP) had given any statement to journalists.
An official source in the government said after this compensation mechanism is already provided for in OE2016, undergoes an increase of 20% in fiscal headquarters – for every 100 euros, companies can deduct 120 euros, exclusive benefit for supplies in Portugal .
the Finance Minister also said that at this meeting the Government had the “opportunity to reaffirm the main ideas underlying the State Budget 2016″, these ideas “will in the continuity of what was the government program in 2016, the household incomes of recovery. “
” This recovery of household income is made mainly through a tax relief for families, “he said.
according to Centeno, “a base idea of this budget is an incentive and stimulus to investment,” which is “enshrined in the state budget, but also a number of other economic policies that the government has been developing, particularly in the social dialogue is established and we have encouraged in Portugal “.
” the budget is a balanced budget, responsible, that the deficit reduction is made much at the expense of rigor in public spending, always with this idea in mind: household incomes of recovery and encouraging investment, “he reiterated
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