Income Tax Rates Portugal

According to the revised law expat pensioners will now have to pay a flat rate of 10 percent on their foreign income in portugal.

Income tax rates portugal. 7 091 10 700. This page provides portugal personal income tax rate actual values historical data forecast chart statistics economic calendar and news. Personal income tax rate in portugal averaged 43 50 percent from 1995 until 2020 reaching an all time high of 48 percent in 2013 and a record low of 40 percent in 1996. Income tax rates for residents in portugal are progressive meaning you pay more tax the more you earn.

The tax tables below include the tax rates thresholds and allowances included in the portugal tax calculator 2019 portugal capital gains tax calculator. Income tax rates for 2018 2019 return grade. Non residents are liable to income tax only on portuguese source income which includes not only that portion of remuneration that can be allocated to the activity carried out in portugal but also remuneration that is borne by a portuguese company or permanent. You re considered tax resident in portugal if.

The first step towards understanding the portugal tax code is knowing the basics. How does the portugal tax code rank. The income tax rates and personal allowances in portugal are updated annually with new tax tables published for resident and non resident taxpayers. Residents in portugal for tax purposes are taxed on their worldwide income at progressive rates varying from 14 5 to 48 for 2020.

The personal income tax rate in portugal stands at 48 percent. Up to 7 091. Non residents are taxed at a flat rate of 25 of income. Income tax is progressive.

If you live in portugal for fewer than 183 days you ll only need to pay on income earned within portugal. You are not considered tax resident and pay tax only on the income earned in portugal. An amendment to the tax regime for non habitual residents was passed last night by parliament. The maximum income tax rate in portugal of 46 00 ranks portugal as one of the ten highest taxed countries in the world.

Countries with similar tax brackets include austria with a maximum tax bracket of 50 00 belgium with a maximum tax bracket of 50 00 and united kingdom with a maximum tax bracket of 50 00. The income tax rates and personal allowances in portugal are updated annually with new tax tables published for resident and non resident taxpayers. Personal income tax rates in portugal for 2020. The tax tables below include the tax rates thresholds and allowances included in the portugal tax calculator 2020 portugal capital gains tax calculator.

Keep in mind that our ranking. Personal income tax rates in portugal for 2019. Expat pensioners moving to portugal will no longer be exempt of income tax. Below we have highlighted a number of tax rates ranks and measures detailing the income tax business tax consumption tax property tax and international tax systems.