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From the IRS to the ISV: here are the tax breaks for people with disabilities

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From the IRS to the ISV: here are the tax breaks for people with disabilities

BUTPeople with disabilities have access to a range of tax credits ranging from the IRS to the ISV, the do portal recalls. National Financial Education Plan – Todos Contam.

“For tax purposes, a person with a fiscally significant disability is a person who has a degree of permanent disability equal to or greater than 60%, duly certified by a medical certificate of disability due to a combination of causes“, can be read on this platform.

What tax incentives are we talking about?

IRS

For the purposes of the IRS, a portion of gross annual income earned by people with disabilities is tax deductible at the following proportion:

  • 15% in cases of categories A and B (employed and self-employed);
  • 10% in case of category H (pensions).

The portion of income excluded from taxation cannot exceed EUR 2,500.00 per income category.

In addition, the household has the right to deduct the following amounts from the IRS due:

  • per taxpayer with a disability: 4 times the value of the Social Assistance Index (IAS);
  • for each disabled dependent or disabled parent: 2.5 times the IAS value;
  • per taxpayer with a disability in the Armed Forces: 5 times IFRS.

The following expenses are also deductible from the amount due to the IRS:

  • 30% of all expenses related to the education and rehabilitation of the taxpayer or disabled dependents;
  • 25% of all life insurance premiums;
  • 25% of contributions paid to mutual associations that exclusively guarantee the risks of death, disability or retirement;
  • 25% of the amount paid as expenses for houses with a total limit of 403.75 euros;
  • in addition, a deduction of 4 times the value of IAS as a follow-up expense if the degree of disability is equal to or greater than 90%.
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WILLOW

VAT exemption on the purchase of tricycles, wheelchairs with or without a motor, cars or mixed vehicles for the personal use of persons with disabilities, in accordance with the conditions set out in the Vehicle Code.

MUK

IUC exemption for Category B vehicles with NEDC CO2 emissions up to 180g/km or WLTP CO2 emissions up to 205g/km, or Category A and E vehicles.

The exemption can only be used by each beneficiary for one vehicle per year and cannot exceed the amount of 240 euros.

independent software vendor

Exemption from ISV ​​for vehicles intended for own use:

  • people with limited mobility, over 18 years old, with a degree of disability equal to or greater than 60%;
  • disabled persons in the Armed Forces with a degree of disability equal to or greater than 60%;
  • people with profound multiple disabilities, with a degree of disability equal to or greater than 90%;
  • persons with disabilities who move exclusively in wheelchairs, with a degree of disability equal to or greater than 60%;
  • visually impaired people, with a degree of disability of 95%.

Read also: Portugal occupies the middle of the table in the EU with a tax burden of 37.6% of GDP.

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Economy

Prices for the next week (from 5 to 11 December)

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Crédito Habitação Activo Bank

Fuel price information is based on calculations that take into account quotations on international markets and other factors taken into account when pricing fuel in Portugal. This is the data that I collect weekly from my sources in the fuel market.

I remind you that despite this price indication, each filling station can set the price it considers appropriate🇧🇷 Only private label gas stations should follow brand guidelines. Dealers and each brand may or may not follow the market leaders. But in my experience they go one after the other. This is the price trend for the coming week.

PORTUGAL continental

🇧🇷 Previous weeks*: (-5)(-10)(-7)(4)(-1)(-0.5)(9.5)(11)(+2)(-7)(+1 )(-7)( 11)(5)(-2)(-9)(-1)(-6)(-7)(-9)(-3)(6)(13)(12)(2 .5 )(-2.5 )(-7)(3)(-10 ISP drop)(6)(1)(-5)(-12.5)(16)(-18)(18)(14 , 5)(2.5)(1)( 0.5)(2))(0.5)(3)(2)(2.5)(3)2022

* Order of changes from newest to oldest.

🇧🇷 Previous weeks*: (-5)(-9)(-4)(2)(-1)(-6)(6)(8)(2)(-0.5)(-0.5) (-7)(0.5 )(-1)(-1)(-9)(0.5)(-5)(-5)(-8)(-1.5)(-1)(- 5) (-3)(14)(1.5) (7)(2)(4.5)(-10 ISP drop)(2)(0.5)(-4)(7)(-13, 5 )(14)(7.5)(2)(1)(2)(2) (1.5)(2)(1.5)(0.5)(4.5)2022

* Order of changes from newest to oldest.

| Previous weeks*: (=)(-1)(=)(=)(-1)(=)(1)(-2)(=)(-1)(+2)(=)(=)(= )(-1)(=)(-1)(=)(=)(=)(1)(=)(-2)(1)(=)(-2)(=)(-4)(= )(=)(=)(-1)(=)(-2)(-6)(-10)(21)(=)(12)(=)(=)(1)(=)(-1 )(=)(=)(2)2022

* Order of changes from newest to oldest.

MADEIRA

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Economy

Etihad Airways A380 close to return to the skies

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Etihad Airways A380 close to return to the skies


Image: Richard Vandervoorde/CCTV 4.0, via Wikimedia


Abu Dhabi-based Etihad Airways has just resumed crew training on its Airbus A380, showing positive signs that the superjumbo is back in the sky. Like many airlines around the world, Etihad suspended flights with this model after the outbreak of the pandemic in 2020, when the number of passengers fell and the UAE closed its borders.

Last April, the airline announced it was suspending its entire A380 fleet indefinitely to prioritize operations with the Boeing 787 Dreamliner and Airbus A350-1000, which are considered more sustainable and cost-effective models.

As a result, 10 A380s were sent for long-term storage to special bases in France and Spain, where they were supposed to be on a permanent basis, then-CEO Tony Douglas said. came to warn that cannot be reactivated due to their high cost of ownership and the operator’s commitment to protecting the environment.

However, due to rising demand for passenger travel worldwide, the airline plans to bring back some of the giants very soon, according to a tweet from aviation expert Zulkarnain. In the post (below), he says that Etihad has just started training the A380 crew. He reveals that the comeback will take place next year and that the date will be confirmed soon.

Read more:





He is actively engaged in aircraft spotting and is interested in the world of aviation, with a particular focus on military aviation, currently working in the field of professional photography.


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Economy

Minister says pensions will be renewed in January

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Minister says pensions will be renewed in January

This Wednesday, the labor secretary said the government is trying to ensure that pension increases begin to be paid in January and that differentials restore the amount provided in the formula.

“We expect this to happen as soon as possible,” said the Minister of Labour, Solidarity and Social Security, Ana Méndez Godinho, when asked if pensioners would start receiving the new pension as early as January 2023. a commitment that we have made and today we had the calculations and forecasts presented by INE” according to which the government “will adjust the value to be updated in 2023 as a result of the most recent inflation data,” he said.

According to the minister, from January 2, 2023, pensions of up to 960 euros will be updated by 4.83%, which is basically the value that is the necessary differential to achieve the exact value provided in the formula. [de cálculo]in addition to the already paid half board.

For pensions from 960 euros to six AI, the increase will be 4.49%, and for pensions over six AI, the increase will be 3.89%, Ana Mendez Godinho specified, noting that “the AI ​​itself will be updated by 8.4%”. , becoming 480 euros”. That is, he gave an example, “to a pension of 500 euros there will be an increase of about 24 euros.”

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The Minister assured that “pensions are still not cut” and that “a decree will be issued to adjust these differential values ​​to ensure that the sum between the two parts, between the half pension [que já foi paga] and this update that happens in 2023 guarantees exactly the same value [que] will give when applying the formula.

Ana Méndez Godinho spoke in Santarém on the sidelines of the Qualification Centers meeting, which takes place at the National Center for Agricultural Exhibitions and Markets under the motto “Transforming the PRR Program for Qualifications”.

IAS to be updated by 8.4% in 2023

The value of the Social Assistance Index (IAS) will be updated to 8.4% instead of 8% in 2023, increasing to 480.43 euros, the Ministry of Social Affairs announced today.

These adjustments, whether when updating IFRS or pensions, are based on inflation data released today by the National Institute of Statistics (INE), which shows that the average inflation over the past 12 months, excluding housing (which usually serves as a benchmark for IAS and pension updates) was 7.46% in November, accelerating from 6.83% in the previous month.

The Ministry of Labour, Solidarity and Social Protection said in a statement that the IAS – an index used to differentiate the renewal of pensions depending on their monthly value – will have “an increase of 8.4% in 2023, from 443.20 euros to 480.43 Euro. “.

Initially, the Government mentioned that IAS would be updated by 8%, recognizing that the value would be adjusted if the resulting inflation was higher than estimated.

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