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Portugal: the value of the IAS for 2022 will be EUR 443.20

Portugal - 

Portugal Tax Alert

The value of the social support index (IAS) was updated by Ministerial Order no. 294/2021, of 13 December. Accordingly, the value of the IAS for 2022 will be EUR 443.20.

This Ministerial Order revoked the previous Ministerial Order no. 27/2020, of 31 January, taking effect as of 1 January 2022.

We recall that this index is used to calculate some deductions under Personal Income Tax (IRS) that will be updated accordingly as of the abovementioned date.