The Portuguese government has approved a proposal which aims at implementing a change to the extraordinary solidarity contribution (CES) included in the 2014 State Budget, making the tax applicable to all monthly pensions above €1,000.
The first version of the measure included in this year’s budget set €1,350 as the limit at which the CES would be implemented, with a progressive increase from €3.5% to 10% depending on the value of the pension.
This is yet another measure targeting the senior sector of society, in an attempt to cut costs before the troika’s final evaluation later this year.
Before being handed over to the Portuguese President Cavaco Silva, the proposal will be discussed and voted on in Parliament on January 22.
