TBNPortugal
Tax revenue will rise 4.2%. VAT already yields more than 30 billion
Publication: ECO
Author: Mónica Silvares
Source published: 08/10/2026, 19:39:38 UTC
Briefing created: 12/11/2026, 07:30:18 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 08/10/2026, 19:56:25 UTC.
Briefings
The Portuguese government expects fiscal revenue to rise 4.2% in 2027, reaching 70.672 million euros, driven primarily by an increase in Value Added Tax (IVA) to 30.283 million euros, surpassing the 30 million euro threshold for the first time. This growth is attributed to higher consumption and nominal wages, while other taxes like Income Tax (IRS) and Corporate Income Tax (IRC) face reductions. The budget for 2026 was revised upward by 1.1% to 67.065 million euros, reflecting improved consumption estimates.
Key points
- The Portuguese government projects a 4.2% increase in fiscal revenue to 70.672 million euros in 2027, driven mainly by a 5.3% rise in Value Added Tax (IVA) to 30.283 million euros.
- Income Tax (IRS) revenue is expected to grow by 3.4% to 20.385 million euros, while the Corporate Income Tax (IRC) is projected to decrease by 1% to 9.605 million euros.
Context
This briefing covers the 2027 Portuguese fiscal budget projections, highlighting the significant shift in revenue expectations due to updated consumption data and wage growth. The 2026 budget was revised upward by 1.1% to 67.065 million euros, reflecting improved consumption estimates and tax adjustments.
Limitations
Revenue forecasts for 2027 are based on current economic assumptions and may change with future economic developments. Specific figures for 2026 are subject to further revision as the budget process concludes. Some tax components, such as CESE and AIMI, show mixed trends with significant revisions.
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