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Portugal
Individual - Taxes on personal income
Last reviewed - 21 July 2024Residents in Portugal for tax purposes are taxed on their worldwide income at progressive rates varying from 13.25% to 48% for 2024.
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 paid/borne by a Portuguese company or permanent establishment (PE).
Non-residents are taxed at a flat rate of 25% on their taxable remuneration (e.g. employment, self-employment, and pension income) in 2024.
Resident income tax rates for 2024
| Taxable income (EUR) | Tax rate (%) | Deductible amount (EUR) | |
| Over | Not over | ||
| 0 | 7,703 | 13.25 | 0 |
| 7,703 | 11,623 | 18.00 | 365.89 |
| 11,623 | 16,472 | 23.00 | 947.04 |
| 16,472 | 21,321 | 26.00 | 1,441.14 |
| 21,321 | 27,146 | 32.75 | 2,880.47 |
| 27,146 | 39,791 | 37.00 | 4,034.17 |
| 39,791 | 51,997 | 43.50 | 6,620.43 |
| 51,997 | 81,199 | 45.00 | 7,400.21 |
| 81,199 | 48.00 | 9,836.45 | |
For the purpose of applying the tax rate, the taxable income is divided by two if the taxpayers are married and not judicially separated, as well as in the case of de facto marriages, whatever the circumstances, should they opt for joint taxation.
Special rates apply to capital gains and investment income.
Additional solidarity rate
In 2024, an additional solidarity rate, which varies between 2.5% and 5%, applies to taxpayers with a taxable income exceeding EUR 80,000 and EUR 250,000, respectively.
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