Portugal did not raise any tax over two and a half years while reducing taxation on labour income and corporate income.

Omissions

• INE data cited by Observador indicate that Portugal's overall tax burden (carga fiscal) rose by 0.2% of GDP in 2025 despite no nominal tax rate increases, which the Prime Minister's 'no tax increase' framing does not mention.
• The reduction in statutory rates does not automatically mean a lower effective tax burden, since bracket creep/progressive taxation and economic growth can raise total tax revenue even when rates fall.
• The 'two and a half years' period coincides with the current government's tenure (since April 2024) and is presented favourably, excluding earlier periods.
• The sources found are journalistic (ECO, Observador, Euronews) reporting on government statements and INE data; no primary INE/AT (tax authority) dataset was retrieved within the search budget.
• The ECO article confirming the IRC reduction to 19% on 2026 profits was published on 2026-10-08, two days after the session date; the underlying measure was already known/legislated beforehand.

Sources

• SecondaryECO (Sapo)"É a quinta vez em dois anos e meio que baixamos os impostos sobre os rendimentos do trabalho, em particular os rendimentos do trabalho da classe média" — statement by PM Luís Montenegro on the fifth reduction of labour income tax (IRS) in two and a half years.
• SecondaryObservadorMontenegro guarantees that "nenhum imposto subiu desde que é primeiro-ministro" (no tax has risen since he became Prime Minister); the article notes however that "o primeiro-ministro não referiu que os mais recentes dados da INE apontam para um aumento da carga fiscal (0,2% do PIB) em 2025" (the PM did not mention that the latest INE data point to a rise in the tax burden of 0.2% of GDP in 2025).
• SecondaryECO (Sapo)"Este valor resulta da descida da taxa de 20% para 19%, aplicada aos lucros obtidos pelas empresas em 2026 e cujo imposto será liquidado em 2027." — confirming the corporate income tax (IRC) rate was cut from 20% to 19% on 2026 profits, part of a downward trajectory from 21%.
• SecondaryEuronews (Portuguese edition)Montenegro detailed a plan against the rising cost of living "sem mexer no IVA" (without touching VAT), maintaining the discount on the petroleum products tax (ISP) rather than raising it.