Government to approve new extraordinary pension supplement

The Government will approve on Friday a new extraordinary supplement for all pensions up to 1,567.50 euros of between one hundred and two hundred euros, to be paid in September, the Prime Minister announced today.

Also on Friday, the Council of Ministers will approve a bill to reduce the IRC to 19% in 2026, 18% in 2027 and 17% in 2028.

These announcements were made by Luís Montenegro at the opening of the state of the nation debate in parliament.

“Tomorrow, the Council of Ministers will approve the allocation of an extraordinary supplement to all pensions up to 1,567.50 euros,” he announced.

According to Montenegro, the extraordinary supplement will be paid in September and will be worth 200 euros for pensions up to 522.50 euros, 150 euros for pensions between 522.50 euros and 1,045 euros and will be worth 100 euros for all pensions between 1,045 and 1,567.50 euros.

Faced with some noise in the room, Luís Montenegro responded: “I want to believe that support for this proposal came from both applause from some benches and compliments from others.”

The Prime Minister announced that, also on Friday, the Council of Ministers will approve the proposed law to reduce corporate income tax (IRC) to be submitted to this Assembly of the Republic. Thus, the IRC will fall to 19% in 2026, 18% in 2027, and 17% in 2028.

For small and medium-sized companies, he explained, “it will drop to 15% in 2026 on the first 50,000 euros of encrypted profits.”

"These decisions, together with the general reduction of personal income tax (IRS), the IRS Jovem (Young IRS) regime, the exemption of contributions and taxes on productivity bonuses up to 6% of annual salary, among other tax measures, open a new cycle of tax attractiveness for Portugal (...) without forgetting justice for our retirees," he argued.

The Government will approve on Friday a new extraordinary supplement for all pensions up to 1,567.50 euros of between one hundred and two hundred euros, to be paid in September, the Prime Minister announced today.

Also on Friday, the Council of Ministers will approve a bill to reduce the IRC to 19% in 2026, 18% in 2027 and 17% in 2028.

These announcements were made by Luís Montenegro at the opening of the state of the nation debate in parliament.

“Tomorrow, the Council of Ministers will approve the allocation of an extraordinary supplement to all pensions up to 1,567.50 euros,” he announced.

According to Montenegro, the extraordinary supplement will be paid in September and will be worth 200 euros for pensions up to 522.50 euros, 150 euros for pensions between 522.50 euros and 1,045 euros and will be worth 100 euros for all pensions between 1,045 and 1,567.50 euros.

Faced with some noise in the room, Luís Montenegro responded: “I want to believe that support for this proposal came from both applause from some benches and compliments from others.”

The Prime Minister announced that, also on Friday, the Council of Ministers will approve the proposed law to reduce corporate income tax (IRC) to be submitted to this Assembly of the Republic. Thus, the IRC will fall to 19% in 2026, 18% in 2027, and 17% in 2028.

For small and medium-sized companies, he explained, “it will drop to 15% in 2026 on the first 50,000 euros of encrypted profits.”

"These decisions, together with the general reduction of personal income tax (IRS), the IRS Jovem (Young IRS) regime, the exemption of contributions and taxes on productivity bonuses up to 6% of annual salary, among other tax measures, open a new cycle of tax attractiveness for Portugal (...) without forgetting justice for our retirees," he argued.

The Government will approve on Friday a new extraordinary supplement for all pensions up to 1,567.50 euros of between one hundred and two hundred euros, to be paid in September, the Prime Minister announced today.

Also on Friday, the Council of Ministers will approve a bill to reduce the IRC to 19% in 2026, 18% in 2027 and 17% in 2028.

These announcements were made by Luís Montenegro at the opening of the state of the nation debate in parliament.

“Tomorrow, the Council of Ministers will approve the allocation of an extraordinary supplement to all pensions up to 1,567.50 euros,” he announced.

According to Montenegro, the extraordinary supplement will be paid in September and will be worth 200 euros for pensions up to 522.50 euros, 150 euros for pensions between 522.50 euros and 1,045 euros and will be worth 100 euros for all pensions between 1,045 and 1,567.50 euros.

Faced with some noise in the room, Luís Montenegro responded: “I want to believe that support for this proposal came from both applause from some benches and compliments from others.”

The Prime Minister announced that, also on Friday, the Council of Ministers will approve the proposed law to reduce corporate income tax (IRC) to be submitted to this Assembly of the Republic. Thus, the IRC will fall to 19% in 2026, 18% in 2027, and 17% in 2028.

For small and medium-sized companies, he explained, “it will drop to 15% in 2026 on the first 50,000 euros of encrypted profits.”

"These decisions, together with the general reduction of personal income tax (IRS), the IRS Jovem (Young IRS) regime, the exemption of contributions and taxes on productivity bonuses up to 6% of annual salary, among other tax measures, open a new cycle of tax attractiveness for Portugal (...) without forgetting justice for our retirees," he argued.