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Annual update of the social support index (“IAS”)

Annual update of the social support index (“IAS”)

The Ministerial Order no. 27/2020 of 31 January was published.

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The Ministerial Order no. 27/2020 of 31 January was published today in the Official Gazette (“Diário da República”). This Ministerial Order updates the annual value of the social support index (“IAS”) for 2020, from € 435,76 (2019) to € 438,81, with effect from 1 January 2020.

This update is relevant for PIT and Social Security purposes.

To access the Ministerial Order, please refer to the document attached.

© 2020 KPMG PORTUGAL – S.G.P.S., S.A., a Portuguese company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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