| The following rates relate to mainland Portugal. Lower rates may prevail in Madeira and the Azores. |
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| Corporate Tax on Income and Gains |
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| General Rate |
25% |
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| Rate on first €12,500 of income |
12.50% |
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| Surtax on income over €2 million |
2.50% |
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| Local Income Tax |
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| Municipalities may impose a surtax of up to 1.5% on corporate profits over €150,000 |
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| Real Estate Taxes |
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| Annual Real Estate Tax |
0.2 % to 5%* |
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| Property Transfer Tax |
6.5% - 8% |
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| *Depends on type and location of property. |
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| Exemptions available. |
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| Value Added Tax |
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| Standard rate |
23% |
| Intermediate rate |
13% |
| Reduced rate |
6% |
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| Capital Duty |
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| Issue of shares |
0.40% |
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| Stamp Duty |
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| Acquisition of real estate |
0.80% |
| Inheritances and gifts |
10% |
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| Other ad valorem or fixed rate duties may be levied on other instruments |
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| Withholding Rates (Non-Treaty) |
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| Dividends |
21.5% |
| Interest |
21.5% |
| Royalties |
15% |
| Fees for services / commissions |
15% |
| Fees to non-resident corporate directors |
25% |
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