The President of the Portuguese Republic gave a green light to the decree law which decreases contributions from companies who bear the minimum wage increase.
The President of the Portuguese Republic promulgated this Tuesday the decree law which cuts the Single Social Tax (TSU) for companies paying their employees minimum wages, following the government’s approval last night.
Marcelo Rebelo de Sousa approves in very short order a decree which creates “an exceptional measure which helps employment by reducing contributions from employers”.
The decrease in the TSU, negotiated in the Social Concertation, was one of the quid pro quos of the increase of monthly minimum wage to 557 euros. In spite of the controversial reactions to the decrease in the TSU, the government went ahead with their initial plan and approved the document which reduces the contributions of companies who bear the minimum wage increase.