Amadora maintains minimum IMI rate on urban buildings

The Amadora City Council will maintain a minimum property tax rate of 0.3% and reduce the IRS participation to 3.25% to alleviate fiscal pressure on families and businesses. This proposal, approved by the council, aims to provide fixed reductions in property tax based on the number of dependents, resulting in an estimated loss of over 15 million euros in revenue. The IRS reduction is expected to benefit families with an average saving of around 105 euros. Additionally, a 1.5% tax on corporate profits exceeding 150,000 euros will be implemented, with exemptions for smaller businesses. The council emphasizes its commitment to supporting families and local businesses.