Summary:
Minimum wage proposed to increase to €870 in 2025
6.1% increase in the minimum wage discussed this Wednesday
Government aims for €1,020 minimum wage by 2028
5% reduction in autonomous taxation also proposed
Proposals communicated to social partners for discussion
Government Proposals for Minimum Wage and Taxation
The Portuguese Government is set to propose a 6.1% increase in the minimum wage for 2025, raising it to €870. This proposal will be discussed in the upcoming social concertation meeting scheduled for this Wednesday. According to sources, the government also aims to ensure that the national minimum wage (SMN) reaches €1,020 by the end of the legislative term in 2028.
In addition to the wage increase, there is a proposed 5% reduction in autonomous taxation, which the government believes will benefit both employees and employers. These proposals have been communicated to social partners and are expected to be a focal point of the discussions during the social concertation meeting.
Stay tuned for updates on this important economic development in Portugal.
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