PRA

Nuno Oliveira Santos

Partner | National Head of Tax
PRA

Gonçalo Gaia

Associate | Tax

January 10, 2025

Young IRS - New Regime

The new IRS Jovem regime brings a number of changes compared to the previous regime. Nuno Oliveira Santos and Gonçalo Gaia explain the new regime and the procedures for accessing it.

The new IRS Jovem regime covers Category A and B income earned by taxable persons up to the age of 35 who are not considered dependents in a household, partially exempt from IRS up to the limit of 55 x IAS, i.e. up to €28,737.50.

The new regime provides for a 100% exemption of income in the first year of income, 75% between the second and fourth year of income, 50% between the fifth and seventh year of income and 25% between the eighth and tenth year of income.

 

 

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