It was recently published the draft of the Personal Income Tax (“PIT”) Reform, submitted by the Commission for the PIT Reform, established by Order no. 4168-A/2014, of 19 March.
This document follows a set of proposals for legislative changes and recommendations that will be the subject of public discussion by the end of September, followed by the presentation of a final report, which will later be subject to the Government’s analysis.
In this context it is important to consider that, certainly, not all measures will be implemented, and that other proposals could also be considered.
KPMG will follow any further developments on this matter.
To access this information, please consult the attached document.