Law no. 19/2022, of 21 October, has determined the following changes:
1. Rent updating coefficient for 2023
The rent updating coefficient for the several types of urban and rural leases, to be in force in the year of 2023, will be 1,02.
2. Extraordinary aid for rentals
Aid coefficients will be applied when determining the following rental income:
- income resulting from rental contracts falling under Category F, to which the rates foreseen in Article 68, no. 1 or in Article 72, no. 1 of the PIT Code apply - coefficient of 0,91 after the deductions of Article 41 of the PIT Code;
- income to which one of the special rates provided in Article 72, paragraphs 2 to 5 of the PIT Code is applicable - coefficients in the table in Article 3, paragraph 2 of this Law;
- income, for CIT purposes, to which the rates foreseen in Article 87 of the IRC Code are applied - coefficient 0,87, except for CIT taxpayers covered by the simplified regime for determining the taxable amount.
These aid coefficients only apply to rents that
a) become due and are paid in 2023;
b) result from rental contracts in force before 1 January 2022;
c) do not respect to contracts which are subject to an update at a value greater than that resulting from the application of the update coefficient of 1,02, determined in point 1.
3. Reduction of VAT on the supply of electricity
Item 2.38 is added to Schedule I attached to the Value Added Tax Code in order to include the supply of electricity for consumption, excluding its fixed components, for a contracted power not exceeding 6.90 kVA, in the part not exceeding (a) 100 kWh per 30-day period; (b) 150 kWh per 30-day period, when acquired for consumption by large families, which are deemed to be households comprising five or more people.
4. Transitional pension update regime
Regulatory invalidity and old age pensions are updated under the following terms
a) by 4.43% for pensions of a value equal to or less than twice the value of the social support index (IAS);
b) by 4.07% for pensions of a value greater than twice the value of the IAS, up to six times the value of the IAS; by 3.53% for pensions of a value greater than six times the value of the IAS;
c) by 3.53% for pensions of a value greater than six times the value of the IAS, up to 12 times the value of the IAS.
The update of the value of pensions is only effective from the 1st January 2023 onwards.
5. Retirement savings plan redemption regime
The value of retirement savings plans (PPR), education savings plans (PPE) and retirement/education savings plans (PPR/E) may be redeemed up to the monthly limit of the IAS by the participants in such plans.
6. Unseizability of family aid
The extraordinary aid to income and social benefit holders and the exceptional supplement to pensioners, referred to in articles 2 and 4 of Decree-Law no. 57-C/2022, of 6 September, are unseizable.
