In November 2026, employees and pensioners will see an increase in their net income. The Government has announced a 50% reduction in personal income tax (IRS) withholding on salaries and pensions paid during that month. The aim is to ensure that taxpayers benefit immediately from the reduction in income tax rates approved for 2026, without having to wait for their annual tax declaration in 2027. In practice, less income tax will be withheld in November, resulting in a higher

Did you know that the exemption on rental income earned from properties previously used for short-term rentals also applies to non-residents? Law No. 56/2023, of October 6, introduced Article 74-A into the Tax Benefits Code as a way of boosting the housing market. To that end, the law provides an incentive to convert apartments used for short-term rentals into permanent housing rentals. To qualify for this exemption, all of the following requirements must be met: i) The incom